SC has asked SEBI to investigate whether the Adani Group of companies have violated Section 19 of SEBI rules and whether there was any manipulation of stock prices
The Hindenburg-Adani row has turned into a major political controversy with the Congress and other opposition parties making allegations of favouritism and crony capitalism against the government.
Adani Enterprises decided not to go-ahead with its fully subscribed Follow-on Public Offer (FPO), with the Group chairman Gautam Adani stating on Thursday that it would not be "morally correct" to go ahead with the Rs 20,000-crore share in the current market condition.