At least 13,219 enforcement actions were initiated with respect to non-genuine trades in illiquid stock options (ISO) in the past two years, the Securities and Exchange Board of India (SEBI) said in an affidavit to the Supreme Court (SC), in connection with the Adani-Hindenburg issue.
This is one such exception to the number of enforcement actions initiated by the SEBI due to peculiar situation and the same cannot be the benchmark to measure the number of actions taken by the SEBI in general, the regulator said in the affidavit.
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