Adani Gets Relief: SEBI Closes Adjudication Proceedings Against 5 Adani Companies After Rs 1.5 Crore Settlement Governance Clean Chit? SEBI Settles Corporate Governance Case Against Adani Group Stemming from Hindenburg Report SEBI Settles Case Against 5 Adani Companies for Rs 1.50 Crore Over Related-Party Disclosure Norms Market regulator Securities and Exchange Board of India (SEBI) has settled adjudication proceedings against five Adani Group companies for alleged violations related to disclosure of related-party transactions. The five companies have collectively paid Rs 1.50 crore as settlement amount to SEBI. The proceedings originated from SEBI’s detailed examination into allegations and corporate governance issues flagged in the Hindenburg Research report, including possible violations of SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations and the erstwhile Listing Agreement. With this settlement, the adjudication proceedings against these Adani Group entities stand disposed of. Post navigation “State Requires to be Transparent”: Sr Advocate Ravi Shankar Jandhyala’s Strong Pitch in Ram Temple Donations Theft Case
