Brief by Shorts91 Newsdesk / 04:55am on 03 Jan 2024,Wednesday Business
The Supreme Court is poised to announce its judgment on the Adani-Hindenburg case, addressing allegations of stock price manipulation against the Adani group. The bench, led by Chief Justice DY Chandrachud, will deliver the verdict at 10:30 am today on petitions seeking a probe into the matter. The case unfolded after US-based short seller Hindenburg Research accused Adani companies of stock manipulation in January last year. The timeline showcases a series of events, including the Securities and Exchange Board of India's involvement and the formation of a committee to investigate the allegations. The decision carries significance for market integrity and investor protection.
