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 social media campaign has been launched even as the Indian sportspersons continue to put in the hard yards before flying out to Paris for the Olympic Games set to be held from July 26 to August 11.
The market regulator Securities and Exchange Board of India (SEBI) has said Hindenburg Research shared an advance copy of its critical report on Adani Group with New York-based hedge fund manager Mark Kingdon about two months before its public release
According to the group, its investment plans aim to provide storage facilities for the coarse grains and horticulture produce in the state.
Gautam Adani, chairman of the Adani group, said on Wednesday that his company would invest over $100 billion, around Rs 835 crore, in the energy transition projects and manufacturing capability to produce every major component required for green energy generation.
Sources have strongly denied the recent allegations made by Mumbai North Central MP Varsha Gaikwad over the allotment of land for rehabilitation of Dharavi residents within Mumbai.
