India’s Sebi could ask courtroom for extra time on Adani probe

Mumbai: India’s capital markets regulator could ask the nation’s prime courtroom to offer it extra time to complete its investigation into short-seller Hindenburg Analysis’s allegations towards billionaire Gautam Adani’s conglomerate, the Enterprise Customary reported, citing folks it didn’t identify.

The Securities and Trade Board of India was to file a standing report back to the Supreme Court docket Could 2, based on the report. The regulator didn’t reply to a request for remark, it mentioned.