The lender owned by Uday Kotak , Asia’s richest banker, has been asked to assist regulators as part of their probe into the short seller attack against Gautam Adani ’s empire, a sign of scrutiny on India firms that give foreign capital access to local markets.
One of Kotak Mahindra Bank’s funds was the vehicle through which a US-based hedge fund, in partnership with Hindenburg Research, shorted Adani shares before the publication of a short-seller report that alleged widespread corporate malfeasance and triggered a massive market rout.
The lender owned by Uday Kotak , Asia’s richest banker, has been asked to assist regulators as part of their probe into the short seller attack against Gautam Adani ’s empire, a sign of scrutiny on India firms that give foreign capital access to local markets.
One of Kotak Mahindra Bank’s funds was the vehicle through which a US-based hedge fund, in partnership with Hindenburg Research, shorted Adani shares before the publication of a short-seller report that alleged widespread corporate malfeasance and triggered a massive market rout.
