Securities and exchange board of India (Sebi)
2 min read Last Updated : Jun 12 2026 | 10:32 PM IST
The Securities Appellate Tribunal (SAT) on Friday adjourned to June 22 the hearing on an appeal filed by five foreign portfolio investors (FPIs) against the Securities and Exchange Board of India (Sebi).
The FPIs — LTS Investment Fund, Cresta Fund, Asia Investment Corporation (Mauritius), APMS Investment Fund, and Albula Investment Fund — were among the entities named by now-defunct short-seller Hindenburg Research in its 2023 report on the Adani Group.
The appeal relates to alleged procedural lapses in Sebi’s ongoing adjudication proceedings against the FPIs. The entities have contended that the regulator failed to provide adequate reasons for initiating adjudication proceedings despite having considered their responses to the show-cause notices.
Bonfiglioli Transmissions, two others get IPO nod
Market regulator Sebi has granted final observations to Bonfiglioli Transmissions, Bombay Coated & Special Steels, and Swaraj Green Power & Fuel, enabling the companies to proceed with their proposed IPOs. Bonfiglioli Transmissions manufactures industrial power transmission and drive solutions, Bombay Coated processes steel into value-added products for multiple industries, and Swaraj Green operates in the renewable energy and biofuel segment.
Hexagon Nutrition gains 12% on first day of trading
Shares of Hexagon Nutrition ended 12 per cent above their issue price during their trading debut on Friday. The company’s shares ended at ₹50.4, up ₹5.4, or 12 per cent, over issue price of ₹45. The company’s initial public offering (IPO) had garnered 54 times subscription. The ₹139-crore issue, which was entirely an offer for sale . At the last close, the company was valued at about ₹620 crore. (BS REPORTER)
First Published: Jun 12 2026 | 6:12 PM IST
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