Adani Energy Solutions Ltd receives SEBI notice for allegedly misclassifying investors.

Adani Energy Solutions Ltd (AESL) has received a notice from India's Securities and Exchange Board (SEBI) for allegedly misclassifying some investors as public shareholders. AESL plans to provide clarifications in response. This follows a probe initiated after Hindenburg Research's fraud allegations against the Adani Group in January 2023. Despite the scrutiny, many Adani Group stocks have rebounded as the conglomerate implements a recovery strategy.

October 22, 2024
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