Sebi threatens 2 offshore funds holding Adani shares with penalties: Reports

The Securities and Exchange Board of India has warned two Mauritius-based funds. These funds have investments in the Adani Group. They could face penalties for not sharing shareholding details. The regulator has been requesting this information for two years. The Adani Group is under investigation since Hindenburg Research’s allegations. The probe concerns potential breaches of public shareholding norms.

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