India Rejects Adani Linked Fund Settlement Bids
India's market regulator has rejected settlement requests from at least three Mauritius-based funds tied to the Adani Group. The dispute centers on shareholder non-disclosure rules and disagreements over proposed monetary fines.
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India's markets regulator rejected settlement applications from at least three Mauritius-based funds tied to ADANI POWER LTD over disclosure breaches. The move escalates an ongoing regulatory probe into the conglomerate's offshore shareholdings. Thirteen offshore investors have faced scrutiny since 2023 following allegations of improper tax haven use.
