MARKET REGULATOR Securities and Exchange Board of India (SEBI) probing the Adani Group transactions in the wake of the Hindenburg report Friday told the Supreme Court it is gathering details pertaining to “economic interest shareholders” of 12 Foreign Portfolio Investors (FPIs) which are public shareholders of the Adani Group companies.
This investigation is being conducted by the regulator to find if there has been a violation of Section 19A of the Securities Contract (Regulation) Act, which stipulates minimum 25% public shareholding in listed companies.
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