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SEBI SUBMITS ADANI PROBE REPORT TO SC
The Morning Standard
|August 26, 2023
Investigation outcome yet to be disclosed
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THE Securities and Exchange Board of India (Sebi) on Friday informed the Supreme Court that it has completed the investigation into 22 matters out of the total 24, in the Adani - Hindenburg case.
In a status report submitted to the Supreme Court, the capital market regulator said that the remaining two investigations are at an interim stage.
Without divulging the outcome of its investigations, SEBI gave a detailed breakdown of the steps taken by it during its probe, including related party transactions. “SEBI shall take appropriate action based on the outcome of the investigations in accordance with law,” the regulator said in the filing.
This story is from the August 26, 2023 edition of The Morning Standard.
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