thenewsfacts.com
  • Home
  • Latest News
  • Trending News
  • Entertainment
  • Technology
  • Sports
  • Business
  • Health
thenewsfacts.comthenewsfacts.com
Font ResizerAa
Search
  • Home
  • Latest News
  • Trending News
  • Entertainment
  • Technology
  • Sports
  • Business
  • Health
Follow US
© thenewsfacts : All Rights Reserved.

Home » Adani Group’s shares under scrutiny amid SEBI probe

Business

Adani Group’s shares under scrutiny amid SEBI probe

TheNewsFacts
Last updated: April 3, 2023 11:21 am
TheNewsFacts
Share
Adani Group's shares under scrutiny amid SEBI probe
SHARE

Adani Enterprises and Adani Green Energy, two major companies of the Adani Group, are under the regulatory scanner following a report of an investigation by the Securities and Exchange Board of India (SEBI). The SEBI probe is related to the alleged non-disclosure of material information by these companies.

As a result of this development, the shares of Adani Enterprises and Adani Green Energy fell by 5% and 6%, respectively, in early trade on Monday. The Adani Group’s other companies also saw a decline in their share prices.

According to sources, the SEBI probe is looking into the role of some Adani Group companies in certain transactions that may have violated insider trading rules. The regulator is also examining the disclosures made by these companies to the stock exchanges.

Adani Group Denies any wrong doing

The Adani Group has denied any wrongdoing and has stated that it has always complied with the SEBI regulations. The group has also stated that it will fully cooperate with the regulator in its investigation.

The Adani Group has been in the news recently for its rapid expansion and acquisition of assets across various sectors, including ports, airports, and renewable energy. The group has been hailed as one of the fastest-growing conglomerates in India.

However, this latest development has cast a shadow over the group’s reputation and may impact its future growth prospects. The Adani Group’s shares have been among the best-performing stocks in India over the past year, and any negative news could hurt investor sentiment.

The SEBI probe is still ongoing, and the regulator has not yet made any official statements regarding its findings. However, the Adani Group’s shares are likely to remain under pressure in the coming days until there is more clarity on the investigation’s outcome.

In conclusion, the SEBI probe into the Adani Group’s companies has put the spotlight on the conglomerate’s compliance with regulations and may impact its growth prospects. The group has denied any wrongdoing and stated that it will cooperate with the regulator in its investigation. Investors will closely monitor the developments in this case, which could have significant implications for the Adani Group and its shareholders.

TAGGED: Adani Green Energy, Adani Group
Share This Article
Twitter Email Copy Link Print
Previous Article Remembering Salim Durrani: A Cricket Legend and Ultimate Entertainer Remembering Salim Durrani: A Cricket Legend and Ultimate Entertainer
Next Article Doge Makeover for Twitter, Elon Musk Bewilders Everyone Doge Makeover for Twitter, Elon Musk Bewilders Everyone

Your Trusted Source for Accurate and Timely Updates!

We're committed to providing accurate and unbiased news as it unfolds, earning the trust of a large audience. Stay informed with our news updates on the latest events and trends, keeping you ahead of the curve.
FacebookLike
TwitterFollow
InstagramFollow

Popular Posts

Apple WWDC23 to Feature New Software Updates, Hardware Announcements

Apple WWDC23 update: Apple is gearing up to kick off its annual Worldwide Developers Conference…

By TheNewsFacts

New Omicron Caution raised by African Scientists

Prominent South African scientists have raised a new omicron caution, saying that it is too…

By TheNewsFacts

Freshworks valuation makes a big jump to $10 Billion

Freshworks ,the customer engagement software maker has priced its initial public offering (IPO) at $36…

By TheNewsFacts

You Might Also Like

Meenakshi Alternates
BusinessLatest News

Meenakshi Group Unveils Rs. 700Cr “Meenakshi Real Assets Fund”

By NewsFacts Bureau
AM Green
Business

AM Green, Port of Rotterdam To Enable 1 MTPA , $1B Trade for Green Fuels

By TheNewsFacts
Adani Insider Trading
Latest News

Adani Group Under Fire Again: SEBI Alleges Insider Trading

By TheNewsFacts
Rio Tinto
Business

AMG, Rio Tinto Plan 500K TPA Green Aluminium in India

By TheNewsFacts
thenewsfacts thenewsfacts

About US


TheNewsFacts: Brings you the interesting facts, news facts and updates from India an the world across politics, tech, entertainment, business, tending, and more. We deliver what you love to read.
Top Categories
  • Latest News
  • Trending News
  • Paris Olympics 2024
  • Sports
  • Entertainment
  • Business
  • Technology
Usefull Links
  • About The News Facts
  • Latest News
  • Privacy Policy
  • Editorial Policy
  • Disclaimer
  • Contact Us
Follow us
Facebook Twitter Instagram

© thenewsfacts. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?