A Kotak twist to Adani- Hindenburg drama: Here's how US short seller responded to Sebi show cause notice

In the latest turn of events, Hindenburg revealed it received a show-cause notice from India's market regulator SEBI over alleged violations related to its bets on Adani Group stocks. Kotak Bank was also implicated in the latest developments. Previously, Hindenburg Research had accused the Adani Group of stock market manipulation and accounting fraud.