Hindenburg report: Gautam Adani-led co denies commercial relationship with SEBI chairperson Madhabi Puri Buch

The Adani Group has denied allegations from US short seller Hindenburg Research that SEBI chairperson Madhabi Puri Buch was involved in offshore entities involved in the Adani money siphoning case. The group denied any commercial relationship with individuals or matters mentioned and reiterated that its overseas holding structure is fully transparent. The group also dismissed Hindenburg's allegations as baseless and accused the US-based company of attempting character assassination in response to a show-cause notice issued by the regulator in the Adani controversy.