The Securities and Exchange Board of India (SEBI) is looking into whether the Adani Group violated rules mandating the disclosure of market-moving information, Bloomberg reported citing sources.
Coming as an aftermath of the bribery charges by the US Securities and Exchange Commission (SEC), and a US District Court, the Adani Group stocks lost Rs 2.3 lakh crore in market capitalisation on Thursday.
The party's reaction came after US prosecutors charged Gautam Adani and others in an alleged bribery scam.
Gautam Adani, head of India's Adani Group, his nephew Sagar Adani and six others face charges in the United States in a multibillion-dollar bribery and fraud scheme.
Gautam Adani, Chairman of the Adani Group, on Wednesday announced that the Group commits a $10 billion investment in US energy security and infrastructure projects, aiming to create up to 15,000 local jobs in the country.
Adani Group has started blending green hydrogen in Ahmedabad with a view to cut emissions and meet net-zero targets.
The Adani Mundra Cluster will become one of the world’s largest integrated green hydrogen hubs, with a planned capacity of 1 million metric tonnes per annum (MMTPA) of green hydrogen production by 2030, expanding up to 3 MMTPA by 2040.
The Adani Group on Monday vehemently denied fraudulent press releases being circulated, which are related to the conglomerate’s presence in Kenya, adding that it will take legal action against anyone involved in spreading false narratives.
Leading integrated business conglomerate Adani Group on Friday said it has been featured in TIME magazine’s prestigious ‘World’s Best Companies of 2024’ list.
The Adani Group on Thursday unequivocally rejected and denied baseless allegations regarding claims by US short-seller Hindenburg Research that Swiss authorities have frozen its funds.
