Monday, 24 August, 2026
No Easy Exit: SEBI Rejects Settlement Bids from 13 Adani-Linked Offshore Funds
By TechShots Studio
India’s market regulator, SEBI, has rejected settlement applications filed by 13 offshore portfolio investors linked to the Adani Group over non-disclosure of ultimate beneficial owners and regulatory breaches. The resolution failed after several foreign funds refused to provide crucial ownership data and resisted demands to disgorge hundreds of crores in financial penalties, reopening formal enforcement proceedings against them.
Read full story at REUTERS