Now the case of Hindenburg report reached the Supreme Court, hearing will be held on Friday
Significantly, earlier an application has been filed in the Supreme Court requesting for prosecution of Nathan Anderson of American short seller firm Hindenburg Research and his associates in India and America. Advocate ML Sharma has filed an application in the Supreme Court alleging that these people have conspired to artificially reduce the shares of Adani and its aim is to exploit innocent investors. The petitioner states that Hindenburg is a short seller firm that sells borrowed shares with the expectation of repurchasing the shares at a lower level. If the share price falls as per his expectation, the short sellers make a profit. Sharma, in his application, has requested to register a case against the short seller firm. The application will be heard on Friday.