India Regulator Seeks Six More Months to File Adani Report
The Adani Group headquarters in Ahmedabad, India.
Photographer: Prakash Singh/BloombergThis article is for subscribers only.
India’s capital markets regulator urged the country’s top court to give it six more months to complete a probe into short-seller Hindenburg Research’s allegations against billionaire Gautam Adani’s conglomerate.
The Securities and Exchange Board, which was set to file a status report May 2, told the Supreme Court in a legal filing Saturday that it has collected information and documents from a number of entities, including seven publicly listed Adani companies and subsidiaries.