Sebi found some entities took short positions ahead of Hindenburg report: Panel

The Sebi found entities that took short positions in Adani Group stocks before the publication of the Hindenburg report and profited from squaring off their positions after the price crashed, says the Supreme Court-appointed panel. Sebi observed suspicious trading by six entities prior to the Hindenburg report; a detailed investigation is being carried out. The Enforcement Directorate found intelligence about potentially violative and concerted selling by specific parties prior to the report’s publication and Sebi ought to be probing such actions under securities laws. No pattern of abusive trading came to light.