6 Adani Group companies get show-cause notices from SEBI
Mumbai, May 4 -- Six Adani Group companies have informed the stock exchanges about receiving show-cause notices from the Securities and Exchange Board of India (SEBI) for alleged violations related to party transactions, listing rules non-compliance, and auditor certificate validity in previous instances, media reports said.
On Thursday, Adani Enterprises, the flagship company of Gautam Adanis business empire, acknowledged receiving two show-cause notices in the quarter ending on March 31, reported Economic Times.
Other entities in the Ahmedabad-based conglomerate, including Adani Ports Special Economic Zone, Adani Power, Adani Energy Solutions, Adani Wilmar, and Adani Total Gas, also reported receiving similar notices from the regulato...
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