SEBI turns down settlement pleas from Adani-linked offshore funds
Reports indicate that SEBI has declined settlement requests submitted by foreign funds that hold major stakes in Adani Group firms. This matter stems from a 2020 probe aimed at determining if these entities were legitimate public shareholders or if they were operating on behalf of the group's promoters. The regulator dismissed the applications because the terms offered did not meet its necessary standards.
by shortkt.com✓