Overview

• Hindenburg Research denies SEBI's claims of using non-public information to short Adani stocks.
• Kotak Mahindra Bank allegedly set up the offshore fund structure for the trades.
• Hindenburg made only $4.1 million from the Adani short sell, despite a $150 billion market impact.
• SEBI's show cause notice includes six entities, including Kingdon Capital Management.
• Hindenburg criticizes SEBI for protecting powerful individuals instead of investors.