SEBI Probes Adani Group, Foreign Investors over Disclosure Rules

  • India's Securities and Exchange Board (SEBI) is investigating the Adani Group and foreign portfolio investors (FPIs) for potential violations of disclosure rules.
  • Reports suggest SEBI found discrepancies in how offshore funds invested in Adani companies reported their holdings.
  • Some FPIs may have failed to disclose their ultimate beneficial owners, raising concerns about transparency.
  • Adani Group could face penalties if violations are proven.
  • The investigation comes after allegations by Hindenburg Research about the Adani Group's financial practices.

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