SEBI report on Adani Group will not come yet, this appeal in court

News Desk:
Market regulator SEBI has sought an extension of the time limit for probing the Adani-Hindenburg dispute.  SEBI has approached the Supreme Court to extend the time limit for completion of its probe into allegations of price manipulation and default in regulatory disclosures by the Adani Group.  SEBI has requested for an extension of six months for the investigation.
The Supreme Court had on March 2 asked SEBI to complete the probe into the matter within two months.  The court also constituted a committee to protect Indian investors.  In its report, the US shortseller accused the Adani Group of manipulating the share price.  The group has dismissed all the allegations as baseless.
 “It will take another six months to complete the action to detect possible violations relating to financial misrepresentation, fraud of regulations and/or fraud of transactions,” Sebi said in the application filed before the court.  Earlier, Adani Ports and Special Economic Zones (AP-SEZ) launched a bond repurchase programme.