India's Adani Group seeks to settle regulatory charge of shareholding violations, ET reports By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 03 2024
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Source: Investing.com
Settlement Proposals: Several entities linked to the Adani Group have approached India's markets regulator, SEBI, seeking to settle allegations of violating public shareholding regulations, with proposed settlements amounting to approximately 25 billion rupees ($295 million) dating back to 2020.
Additional Allegations: The Adani Group faces further scrutiny from U.S. authorities over accusations of bribery and misleading investors, which the group has dismissed as "baseless."
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
