24th April 2024 – Reports that FPIs are trying to settle securities violation cases with Sebi have not affected the price of Adani Group equities. Twelve offshore funds that had invested in Adani Group firms were discovered by the markets authority to have violated investment restrictions and transparency requirements.
For the fourth session in a row, Adani Enterprises, Adani Energy Solutions, Adani Ports & SEZ, and NDTV all saw increases. Adani Power and ACC increased for the second straight day, while Adani Green Energy, Adani Wilmar, and Ambuja Cement experienced advances for the third straight session. At 10:20 am, Adani Enterprises saw a 0.2 percent increase, Adani Ports & SEZ saw a 0.1 percent gain, Adani Energy Solutions and Adani Wilmar saw 0.3 percent increases, Adani Green Energy saw a 0.3 percent increase, and Adani Power saw a 0.8 percent loss.
News sources state that Sebi has taken action against two international portfolio investor organisations. Prior to a Hindenburg Research study on short sellers, the first purportedly shorted stocks of Gautam Adani-led companies lost nearly $100 billion in market value for the Adani Group in January 2023.
Conclusion
In June 2021, the second group—connected to the founders of the Adani Group—came under fire for making significant equity investments in Adani.
Source:Link