Adani-Hindenburg Saga – Kotak Mahindra’s Involvement

SEBI's Notice to Hindenburg

SEBI issued 46-page notice to Hindenburg. Hindenburg received show cause notice on June 27 about Adani report.

Kotak's Name Omitted

SEBI didn't name Kotak Bank. Hindenburg questions SEBI's omission of Kotak's name in its notice.

Uday Kotak's Role

Kotak led SEBI's Corporate Governance Committee. Hindenburg suspects omission to protect Kotak, a powerful businessman.

Hindenburg's Disclosure

Hindenburg short on Adani shares. Firm disclosed its short position, allowing readers to weigh potential bias.

Supreme Court's Verdict

No further probes for Adani Group. India's Supreme Court ruled no additional investigations beyond SEBI's current scrutiny.

Hindenburg's Accusations

Accusations of fraud against Adani Group. Hindenburg's January 2023 report accused Adani of stock manipulation and accounting fraud.