A section of SEBI employees has demanded that the market regulator delete a 'false and misleading' press release and also issue a public apology. The demand comes a day after SEBI issued the press release denying claims of an unprofessional work culture levelled by some employees.

Agitated SEBI employees seek apology from regulator, removal of 'false and misleading' press release

Securities and Exchange Board of India (SEBI) chairperson, Madhabi Puri Buch, did not recuse herself from the investigation launched into the alleged stock manipulation carried out by the Adani Group, a board member has revealed, according to a report in Scroll.

SEBI chief Madhabi Puri Buch oversaw Adani probe despite conflict of interest, claims board member

Ever since US-based short seller Hindenburg Research released its new, damning report linking the Securities and Exchange Board of India (SEBI) chairperson Madbhabi Puri Buch and Adani conglomerate, the Indian market regulator's credibility has taken a nosedive.

Madhuri Buch-Adani links: Why is SEBI’s credibility at an all-time low after latest Hindenburg report?

Let's look at the Indian stock market reaction to the latest in the 19-month Hindenburg versus Adani group controversy. Compared to last year's over $150 billion rout in Adani group stocks and a crash in Indian benchmarks.

Domestic traders look past Hindenburg row

India has seen several high-profile cases, with the latest Hindenburg allegations on SEBI chief Madhabi Puri Buch invoking memories of former ICICI Bank CEO Chanda Kochhar.

Hindenburg allegations on SEBI chief invoke Chandra Kochhar's case

Opposition parties in India have strongly reacted to the US-based short-seller Hindenburg's allegations on Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch and the Adani group. In its report, Hindenburg alleged on Saturday (Aug 10) that Buch previously held investments in certain offshore funds that were also used by Adani Group.