Hindenburg and Kotak Mahindra Bank Face SEBI Allegations Over Adani Short Sell

India's market regulator accuses US short seller and Indian bank of collusion and unfair trade practices in Adani Group trades.

• 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.

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