India's regulator continues to investigate over a dozen allegations involving Adani, according to sources.
Ongoing Investigations: India's market regulator, SEBI, is investigating over a dozen allegations against the Adani Group related to securities regulations, despite dismissing two previous allegations of stock manipulation and non-disclosure of related party transactions.
Market Reaction: Following SEBI's dismissal of the allegations, shares of all nine listed Adani companies rose, with Adani Power experiencing a significant 12.7% increase, indicating a recovery from earlier stock sell-offs triggered by the accusations.
Pending Cases: While some investigations into the Adani Group have been closed, there are still more than a dozen cases pending, including allegations of wrongful categorization of shareholders by several Adani companies.
Settlement Applications: Approximately 30 entities within the Adani Group have applied to settle some of the regulatory charges against them, as reported earlier in the year.
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