India pursues trades tied to Hindenburg

India's market regulator is holding hearings to recover trading gains linked to the Hindenburg report on Adani. SEBI argues the trades violated fraud rules by using non-public information.

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FILE PHOTO: The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, November 22, 2024. REUTERS/Amit Dave/File Photo

India's markets regulator has started personal hearings to recover $22.25M in gains from trades linked to a critical short-seller report, people familiar with the matter said on a Thursday morning.

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