SEBI Rejects Settlement Pleas: Foreign Investors Face Strict Legal Action Over Adani Group Stakes:
Foreign portfolio investors (FPIs) holding significant stakes in listed Adani Group companies have faced a major setback as market regulator SEBI (Securities and Exchange Board of India) officially rejected their settlement applications. Sources familiar with the developments indicated that the decision stemmed from a misalignment between the settlement terms proposed by the foreign funds and … Read more