The Securities and Exchange Board of India (SEBI) has updated the Supreme Court on its investigation progress regarding the Adani-Hindenburg case. Out of 24 matters under scrutiny, SEBI has completed investigations into 22 cases, with the remaining two at an interim stage. The regulator did not reveal the outcomes but provided a detailed overview of its investigative steps, including probing related party transactions, manipulation of stock prices, and potential insider trading violations. Regarding allegations of non-compliance with minimum public shareholding requirements, SEBI’s investigation covered 13 overseas entities categorized as public shareholders of Adani group companies. Efforts to establish their economic interest are ongoing, given their locations in tax haven jurisdictions. The Supreme Court is set to hear the case on August 29.