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SEBI Finds Breaches By 12 Offshore Funds Investing In Adani Group: Report menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
More than half a dozen foreign portfolio investors (FPIs) that owned substantial stakes in Adani Group firms are looking to settle securities violation matters with markets regulator Sebi, said people familiar with the matter. ....
The legal representatives of eight FPIs - Albula Investment Fund, Cresta Fund, MGC Fund, Asia Investment Corporation (Mauritius), APMS Investment Fund, Elara India Opportunities Fund, Vespera Fund and LTS Investment Fund - have filed a total of 16 settlement applications with Sebi. ....
Several other FPIs that also owned stocks of Adani Group companies and were accused of violations by SEBI are planning to submit settlement applications, the people said. ....