Hindenburg vs Adani Row: Second Adani Firm Confirms SEBI's Notice

In another setback for the Adani group, the Securities and Exchange Board of India has issued a show-cause notice to one of the group firms. The SEBI alleges Adani energy solutions misclassified certain investors as public shareholders. That is one of Hindenburg's allegations against the Indian conglomerate in its scathing report in January last year.