Six entities under lens for suspicious trading in Adani shares: SC panel

The Supreme Court-appointed expert committee investigating Adani Group’s shares trading prior to the Hindenburg report’s release found no evidence of price manipulation by firms linked to the group. However, the committee has identified six entities, including four FPIs, for suspicious trading, with a build-up of short positions in the Adani Group shares before the release of the negative report. The committee found substantial profits were booked as Adani shares crashed after the report’s publication, and further investigations are being carried out in respect of the trading of the identified entities.

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