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.
The Adani Group further clarified that it has "absolutely no commercial relationship with the individuals or matters mentioned in this calculated, deliberate effort to malign our standing."
"Conflict Or Capture? Either Way, We Do Not Think SEBI Can Be Trusted As An Objective Arbiter In The Adani Matter...," the report said.
The new Hindenburg report alleged that the Buchs held hidden stakes in offshore entities linked to the Adani Group.
In the modern world, think tanks are the brains behind the brawn of national and global policy." In the intricate world of policymaking, the influence of think tanks is undeniable.
The initiative is part of the larger 'Ek Ped Maa Ke Naam' campaign initiated by Prime Minister Narendra Modi with a target to plant 1.4 billion trees nationwide.
