An expert panel investigating the Adani Group following allegations of financial irregularities has submitted a report to India’s Supreme Court. It is not clear if the six-member committee, set up after claims by US research firm Hindenburg, reviewed all the concerns outlined by the top court in March. The group was asked to assess how to protect consumers better, if regulatory lapses existed, and the broader impact. The Securities and Exchange Board of India has also sought more time to conclude its probe.
Govt to sell up to 6% stake in Hindustan Copper via OFS; floor price at 10% discount
The government will sell a 3% stake in Hindustan Copper through an OFS at Rs 514 per share, with an option to divest another 3%.