More Trouble For Adani: SEBIs Notice Intensifies Hindenburg Allegations, Shares Plunge
In more trouble for embattled businessman Gautam Adani, Adani Energy Solutions received a show-cause notice from capital market regulator Securities and Exchange board of India (SEBI) this week. The market watchdog has alleged wrongful categorisation of certain investors as public shareholders under its minimum shareholding norms. SEBI’s show-cause notice to Adani Energy Solutions is aligned…