An investigation of India s Adani
group by the market regulator has uncovered violations of rules
on disclosures by listed entities and limits on the holdings of
offshore funds, two sources with.
SEBI launched the inquiry after U.S.-based Hindenburg Research raised governance concerns around the Gautam Adani-led group, shaving more than $100 billion from the market value of its companies.
An investigation of India s Adani group by the market regulator has uncovered violations of rules on disclosures by listed entities and limits on the holdings of offshore funds. News agency has been told that the violations have been characterisedas being of a "technical" nature that would attract no more than a monetary penalty once the investigation is complete, however.
SEBI has found violations of disclosure rules and limits on offshore fund holdings by Adani Group. The violations are described as ‘technical’ and may result in monetary penalties