Two industry bodies call allegations ‘unwarranted’

Two industry bodies, Amfi and IVCA, voiced support for Sebi chairperson Madhabi Puri Buch and the markets regulator, dismissing Hindenburg’s allegations as unwarranted and lacking context. They emphasized India’s robust regulatory framework as a key factor in its economic progress and urged stakeholders to remain confident amid these claims, warning against hindering the nation’s development.