Sebi puts on hold Adani, foreign investors' requests to settle regulatory charges

India's markets regulator has kept in abeyance pleas by the Adani group and its offshore investors to settle a raft of regulatory charges until internal processes are reviewed, two sources with direct knowledge of the matter said.

- REUTERS

The Securities and Exchange Board of India (Sebi), where a new chief took charge in March, is reviewing rules of settlement pleas, the regulator said last month. A lack of uniformity in the settlement process and unclear rules on the nature of penalties imposed has prompted the review, the first source said.