The Securities and Exchange Board of India (SEBI) is expected to submit its final report on the allegations made by US-based Hindenburg Research against the Adani Group on August 14. The case is scheduled for a hearing on August 29.The markets regulator is likely to hand over the report to the Supreme Court in the case, this week. However, the sources have claimed that SEBI has requested for additional 15 days to submit the final report.People who are aware of the matter claim, findings related to the transactions are likely to be included in the report. Although the results of SEBIs inquiry have not been made public, they have covered a wide range of topics, including whether the Adani Group used regulatory loopholes in the minimum public shareholding (MPS) rules to manipulate the stock prices of its linked companies.In addition to this, the committee has also looked at any potential transaction concealment involving connected parties. According to several sources, it is doubtful that the regulators investigation would produce any significant negative conclusions about the compliance with MPS requirements of the infrastructure company situated in Ahmedabad.However, it is anticipated that the report would include some of the conclusions from the inquiry into transactions with linked parties.Meanwhile, the shares of Adani Group have seen a drastic fall on Monday, after Deloitte resigned as the auditor of Adani Ports & SEZ.
