Economy
SEBI Clears Adani Group Companies of Minimum Shareholding Violations
NDTV44m
THE BRIEF
1
Markets regulator SEBI cleared four Adani Group companies and their directors of minimum public shareholding violation proceedings upon payment of a settlement amount.
2
The settlement covered Adani Enterprises, Adani Power, Adani Ports, and Adani Energy Solutions, resolving complaints received by SEBI in June and July 2020.
3
The applicants paid a total settlement of Rs 1.48 crore without admitting or denying the findings of the regulator's show-cause notices.