Getty ImagesIndia’s stock market has been a hot topic of conversation for the past couple of days, with hashtags around it trending on social media.
The reason isn’t just investor interest, but has more to do with its regulator. Let’s break it down a bit.
It all started over the weekend when US-based activist-investor Hindenburg Research posted on X (formerly Twitter) that “something big” was coming.
Hours later, it released a report accusing Madhabi Puri Buch – the chief of market regulator Securities and Exchange Board of India (Sebi) – of having links with offshore funds used by the controversial Adani group. Both Ms Buch and the Adanis have denied wrongdoing.
Now, Hindenburg had last year accused the Adani group – founded by Indian billionaire Gautam Adani – of decades of “brazen” stock manipulation and accounting fraud.
The group – which has 10…
