The problems of Gautam Adani, which started after the Hindenburg Research report, are not taking the name of ending. Now market regulator SEBI has decided to investigate some deals done with foreign companies of Adani Group, so that possible violations of rules can be detected.
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The ‘sorrow’ of businessman Gautam Adani is not taking the name of ending yet. First the report of Hindenburg Research, then the pressure to repay the loan and after that the report of ‘The Ken’… all this somehow settled, so now the market regulator SEBI has decided to investigate Adani Group’s foreign deals.
ET has reported quoting sources aware of the matter that SEBI will now investigate the transactions of Adani Group with at least 3 foreign companies. SEBI will see that there is no violation of rules in the ‘Related Party Transactions’ done by Adani Group.
Companies associated with Bhai Vinod Adani
The foreign companies with which SEBI is going to investigate the transactions of Adani Group are related to Vinod Adani, brother of industrialist Gautam Adani. Recently Adani Group had revealed that Ambuja Cement and ACC Limited have actually been acquired by Vinod Adani’s companies.
See also: Gautam Adani’s brother Vinod is again in headlines, how big is the empire
Adani Group had also told that Vinod Adani is a part of the Promoters Group of Adani Group. These 3 companies of Vinod Adani have repeatedly done investment transactions with many unlisted (i.e. companies outside the stock market) companies of the group. These transactions have happened in the last 13 years.
(This news is being updated)
Source: www.tv9hindi.com
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