Economy
SEBI Settles Hindenburg-Related Adjudication Proceedings With Adani Entities
The Hindu1h
THE BRIEF
1
SEBI settled adjudication proceedings with five Adani Group entities for a total amount of ₹1.5 crore, according to an order released on September 22.
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The proceedings stemmed from Hindenburg's allegations concerning undisclosed related party transactions and failures regarding peer-reviewed audit reports.
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Adani Enterprises paid ₹76.05 lakh, Adani Green Energy paid ₹45.50 lakh, and three other group companies paid ₹9.75 lakh each without admitting or denying allegations.