Adani Energy shares tumble 4% on Sebi notice for alleged misclassification of shareholding

October 23, 2024

Adani Energy Solutions shares are under scrutiny following the receipt of a show-cause notice (SCN) from the Securities and Exchange Board of India (SEBI) during the September quarter, related to the wrongful categorization of shareholders. The company disclosed this in its exchange filing for the quarter but did not provide further details.

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