INSUBCONTINENT EXCLUSIVE:
4 min read Last Updated : Aug 11 2024 | 10:37 AM ISTHindenburg Research on Sebi chairperson Madhabi Puri Buch, IIFL: Markets are likely to
see a knee-jerk reaction at best on Monday, a day after US-based short-seller Hindenburg Research alleged that Securities and Exchange Board
of India (Sebi) chairperson Madhabi Puri Buch along with her husband, Dhaval Buch, had stake in obscure offshore entities used in the
alleged Adani money siphoning scandal.
The allegations by Hindenburg Research came after a suspenseful Saturday morning that promised
aware that firms like Adani used complex offshore entities to flout rules, and that the regulator participated in the schemes.How will
markets reaction to Hindenburg's report on the Sebi chairperson as these allegations are against a sitting Sebi chief
That said, the recovery in the markets should be equally swift
The problem will arise only if Sebi chairperson Madhabi Puri Buch is asked to go on leave due to these allegations - something we saw
Buch, Dhaval Buch and IIFL
Madhabi Buch and her husband Dhaval Buch, Hindenburg said, first appear to have opened their account with IPE
Plus Fund 1 on June 5, 2015 in Singapore, per whistleblower documents
the Sebi chairperson could have started by looking in the mirror
decode Hindenburg Research allegations and market impact
G Chokkalingam, founder and head of research at Equinomics Research, too,
more about internal operations of Sebi and employee compliances
Markets are mature and will look through this
lesser bite than on previous occasions, said U R Bhat, co-founder - director at Alphaniti Fintech and may not impact market sentiment
Even when the allegations were first made against the Adani group, the stocks have come back with a bang
The latest set of allegations are indirect and do not mean much
