The capital markets regulator said this in response to an application filed under the RTI Act, which sought subscription details and the reason for the cancellation of the follow-on pubic offer.
The Adani saga that rattled the Indian stock market over allegations of stock manipulation has now pitted two government agencies against each other. According to Economic Times newspaper, the Directorate of Revenue Intelligence (DRI) has challenged the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) in the Supreme Court regarding over-invoicing case against Adani Group’s two companies Adani Power Maharashtra (APML), and Adani Power Rajasthan (APRL).