Adani’s 5 companies settle case with SEBI: Pay ₹1.5 crore for violation of transaction and audit norms; settled without penalty
Five companies of Adani Group have resolved the ongoing legal proceedings with SEBI. For this, Adani Group companies have paid a total settlement amount of Rs 1.5 crore. The case pertained to violation of rules related to disclosure of related-party transactions, audit and limited review reports. According to SEBI’s settlement order, the entire proceeding was…