Some entities linked from Adani stock crash are now in a retail lost Rs 3,700 crore

Sebi's probe into the Adani vs Hindenburg saga revealed that certain entities made gains from the significant decline in the shares of businessman Gautam Adani's firms. A panel set up by India's markets regulator, Sebi, has found that retail investors lost around INR37bn ($500m) on Adani Group stocks and including high net worth individuals, total losses amount to INR220bn. The report, which was leaked to the press, was compiled after the Adani group of companies saw a meteoric rise in value, driven by a series of deals that have raised investor concern. The report may prompt a regulatory crackdown on Adani Group by the government, which has already launched investigations into several of the company's operations.

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