Adani Group companies offer to settle allegations of shareholding violations in India to avoid lengthy legal battles.

Several entities within the Adani Group have approached India's Securities and Exchange Board (Sebi) to settle allegations of violating public shareholding norms at four listed companies. The violations allegedly involve improper shareholding practices and failure to meet minimum public shareholding requirements. Sebi has sought to recover about ₹2,500 crore from these entities. The group, which has denied similar charges, is now proposing settlements to avoid prolonged legal battles.

4 months ago
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