Five Adani group companies have settled Sebi adjudication proceedings linked to alleged disclosure and corporate governance violation that were examined after issues raised in the Hindenburg Report. The companies are Adani Enterprises, Adani Total Gas, AWL Agri Business, Adani Green Energy and Adani Energy Solutions. The settlement order was passed by Sebi Adjudicating Officer Jai Sebastian on September 22.
The total settlement amount is Rs 1.51 crore. Adani Enterprises paid the highest amount at Rs 76.05 lakh, followed by Adani Green Energy at Rs 45.50 lakh. Adani Total Gas, AWL Agri Business and Adani Energy Solutions paid Rs 9.75 lakh each.
