Hindenburg-Adani Case Highlights: Capital markets regulator Securities and Exchange Board of India (SEBI) refuted Hindenburg's claims of Chairperson Madhabi Puri Buch's involvement in implementing a raft of legislation on real estate investment trusts or REITs to benefit Blackstone, one of the largest Reits sponsors to India. SEBI said that claims of such regulations or changes in regulations or circulars issued related to Reits “are inappropriate." The markets regulator also highlighted that SEBI Chairperson Buch had made relevant disclosures from time to time about the holdings of the securities and their transfers. “Chairperson has also recused herself in matters involving potential conflicts of interest,” said SEBI in the statement released on Sunday, August 11. SEBI asked investors to remain calm and exercise due diligence before reacting to reports amid Hindenburg allegations.US-based short seller Hindenburg Research has alleged that SEBI chairperson Madhabi Puri Buch had a stake in obscure offshore entities used in Adani's ‘money siphoning scandal’ in its new investigative report. Stay tuned to LiveMint for the latest updates on Hindenburg Research's new investigative report
