The Securities and Exchange Board of India (Sebi) on Sunday, in a detailed statement, rejected Hindenburg Research's allegations that Sebi's changes to the Real Estate Investment Trust (REIT) rules benefited a multinational company where Sebi Chairperson Madhabi Buch's husband Dhaval Buch was employed.
Buch said the allegations were "baseless" and "devoid of any truth", and asserted that their finances were an open book.
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