The Supreme Court on Friday offered an additional three months to the Securities and Exchange Board of India (Sebi) to complete its investigation into the alleged violation of laws by the Adani group, expressing reservations about the regulator’s request for a six-month timeframe.
Sebi told the Supreme Court that it is yet to form a final opinion regarding the “suspicious" nature of transactions and alleged breach of laws by the Adani group, as pointed out in a critical report by US short-seller Hindenburg Research in January that wiped out more than $140 billion in the market value of the conglomerate.
Diese Geschichte stammt aus der May 13, 2023-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der May 13, 2023-Ausgabe von Mint Mumbai.
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