News for 3i Group plc (IIIN.MX)

3i Group plc (III.L) reported that its first half operating profit before tax increased to 2.05 billion pounds from 1.67 billion pounds, last year. Earnings per share was 211.

Hindenburg report reveals conflicts of interest at SEBI, raising doubts on regulator's integrity, requiring immediate clarification and investigation.

U.K. stocks higher at close of trade; Investing.com United Kingdom 100 up 0.10%

A "small, hidden, and obscure" Mauritius-based investment vehicle, IPE Plus Fund, has become embroiled in allegations made by Hindenburg Research. The US-based short-seller, in its latest report, claimed that IPE Plus Fund was established by Ahuja through the wealth management firm India Infoline (IIFL). The report further alleged that the Sebi chief and her husband, Dhaval Buch, invested in this fund in June 2015, and that it was also utilized by Vinod Adani, the brother of billionaire Gautam Adani.

Hindenburg's original report, in which it had accused the centi-billionaire of pulling largest con, caused Adani Group's market capitalization to crater by $150 bn

Hindenburg Research's latest report questions the neutrality of India's stock-market watchdog, SEBI, amid ongoing scrutiny of Gautam Adani. Allegations suggest a conflict of interest involving SEBI's chairperson, Madhabi Puri Buch, and her investment links. With Adani's fortunes rebounding, the Congress Party is pushing for a parliamentary probe.

Adani Power shares plunged 10.94 per cent to hit a low of Rs 619 on BSE. Adani Enterprises tanked 5.27 per cent to Rs 3,018.55 level. Adani Energy Solutions nosedived 17.06 per cent to hit a low of Rs 915.70, before staging recovery.

Hindenburg Research Report: Hindenburg said that the SEBI chief’s response “publicly confirms” her investment in an obscure Bermuda/Mauritius fund structure “alongside money allegedly siphoned by Vinod Adani”.

India Business News: Sebi chief Madhabi Puri Buch and her husband, Dhaval Buch, refuted allegations from Hindenburg Research about their involvement in offshore entities l

In their statement, the Sebi chief and her husband said the two consulting companies they owned - and cited by Hindenburg in its report - became immediately dormant on her appointment to the regulatory body in 2017

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