Supreme Court takes in view drastic effects of Hindenburg report on shares of Adani group companies and Indian stock markets, directs Government of India to formulate a committee on whether the regulatory framework needs modification to protect Indian investors from incidents in future
Taking in view the crashing of Indian stock markets following a report by the US-based short selling firm Hindenburg Research affecting the share prices of Adani group, the Supreme Court on Friday directed the Union Government and the Securities and Exchange Board of India (SEBI) to suggest ways for improving the regulatory mechanism for the protection of Indian investors