Hindenburg-linked funds withdraw SAT appeals against SEBI, plan amended refiling
Five offshore funds linked to Hindenburg Research have withdrawn their Securities Appellate Tribunal appeals challenging SEBI’s adjudication process, saying they will refile amended petitions. The proceedings are separate from SEBI’s closed securities-regulation case involving Adani Group companies and Gautam Adani.
Five Hindenburg-linked offshore funds withdrew SAT appeals challenging SEBI’s adjudication process and plan to refile amended petitions. The separate proceedings continue despite SEBI closing its securities-regulation case against Adani Group companies and Gautam Adani in September 2025.