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The Economic Times
The Economic Times
Akash Podishetti

4 Adani group companies settle public shareholding violations case with Sebi. Check details

SEBI Adani Group Adani Enterprises Gautam Adani Rajesh Adani Podishetti Akash Adani Energy Solutions Adani Ports and Special Economic Zone Adani Power United States

Adani Enterprises, Adani Power, Adani Ports and Special Economic Zone and Adani Energy Solutions, along with several directors including Gautam Adani and Rajesh Adani, have settled proceedings with markets regulator Sebi over alleged violations of minimum public shareholding norms.

The probe was part of the 24 investigations Sebi had undertaken after US-based short-seller Hindenburg alleged in 2023 that Adani group companies manipulated their stock prices through tax havens. Adani Group had denied the allegations.

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