The Financial Services Commission (FSC) of Mauritius said IPE Plus Fund and IPE Plus Fund 1, which were mentioned in the Hindenburg report as investment vehicles in which Sebi chief Madhabi Puri Buch and her husband Dhaval Buch were investors, are not licensees of the regulator and are not domiciled in Mauritius. The Mauritius regulator, … Read more
Mumbai: Shares of Adani Group companies fell by up to 7% Monday as the sentiment soured following fresh allegations by the US-based short-seller Hindenburg that Sebi chief Madhabi Puri Buch and her husband, Dhaval Buch, held stakes in Bermuda and Mauritius-based offshore funds used by Gautam Adani’s brother, Vinod Adani, to “amass and trade large … Read more
Besides two media statements given by Sebi chief Madhabi Puri Buch and her husband Dhaval Buch in their capacity, the regulator has also issued a statement asking investors to stay calm and read the short-seller’s disclaimer. Here is the full text of Sebi’s statement: SEBI takes note of the report published by Hindenburg Research on … Read more
