India regulator probing some Adani offshore deals for possible rule violationson April 3, 2023 at 2:09 pm

Reuters exclusively reported that India’s capital market regulator, which is investigating the Adani group, has zeroed in on transactions between its companies and offshore entities linked to promoter Gautam Adani’s brother for possible violations of rules. These transactions should have been reported under India’s ‘related party transaction’ rules but were not. Reuters is the first to report the early findings of the Securities and Exchange Board of India’s scrutiny into the group. The regulator is due to submit a report to a court appointed panel in May. On Monday, shares of most Adani group companies traded lower while the benchmark BSE Sensex traded flat. 

The post <strong>India regulator probing some Adani offshore deals for possible rule violations</strong> appeared first on Reuters News Agency.

Some of the links in this article are "affiliate links", a link with a special tracking code. This means if you click on an affiliate link and purchase the item, we will receive an affiliate commission. The price of the item is the same whether it is an affiliate link or not. Regardless, we only recommend products or services we believe will add value to our readers. By using the affiliate links, you are helping support our Website, and we genuinely appreciate your support.

Comments are closed.

Powered by WordPress.com.

Up ↑

Expat Life-Off Trek Asia Generated by Feedzy
%d bloggers like this: