Supreme Court नहीं पहुँची Adani की SEBI Report News Nasha
14 Aug 2023 https://www.youtube.com/watch?v=dsFucvBlN0k
SEBI seeks more time on Adani-Hindenburg report: https://indianexpress.com/article/explained/explained-economics/sebi-adani-hindenburg-report-case-timeline-8892362/ The Securities and Exchange Board of India (SEBI) has filed an application in the Supreme Court seeking 15 more days to conclude its inquiry in the Adani-Hindenburg case. The regulator has said it has “substantially progressed” in its investigations.
https://www.businessinsider.in/business/corporates/news/sebi-report-on-adani-group-market-regulator-seeks-15-more-days-from-sc/articleshow/102717140.cms This is the second extension that the markets regulator has sought from the apex court. Sebi is awaiting information it has sought from foreign entities, regulators and agencies.
The Supreme Court appointed 6-member panel has found no wrongdoing by the Adani Group..... The three key areas the SC appointed committee was looking into were: 1) Violation of Minimum Public Shareholding norms, 2) Disclosure of transactions with related parties in accordance with the law and 3) Stock price manipulation. The report says that prima facie there is no violation of existing laws or market regulations. .. A violation of MPS norms would have been proven if the ultimate beneficiary of these 13 foreign portfolio investors (FPIs) could be in any way traced back to the promoters of Adani Group..