Kotak Mahindra Bank shares drop 2% amid Adani case revelation

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Hindenburg Research response to SEBI’s show cause notice impacts Kotak Mahindra Bank shares

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SEBI alleges Hindenburg used an offshore fund structure for Adani derivatives short-selling

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SEBI claims Hindenburg disclosed Adani's short position, including a research report that contained misrepresentations/inaccurate statements meant to mislead readers

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SEBI’s allegation against Hindenburg, Kingdon Capital, and Kotak Mahindra Bank's Mauritius-based trading fund

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SEBI allegations, if proven, could lead to monetary penalties and payback under the Prevention of Fraud and Unfair Trade Practices regulation

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Hindenburg Research criticizes SEBI's notice as a misleading and jurisdictional challenge

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