Hindenburg impact: Sebi examining Adani share rout, report

New Delhi: India's market regulator is examining a recent crash in shares of Adani Group and looking into any possible irregularities in a share sale by its flagship company, said Reuters quoting sources.

The Securities and Exchange Board of India's (SEBI) examination comes on a day when Adani Group shares plunged, extending losses in seven listed companies to $86 billion in the wake of a U.S. short-seller Hindenburg Research report.

Late on Wednesday, the company decided to withdraw the Adani FPO and refund the investors.

SEBI is undertaking a full-scale examination of the fall in shares, the source told Reuters, declining to be identified as the matter is confidential.