The Securities and Exchange Board of India (Sebi) has stepped up its probe into the Adani group controversy, with the date to submit its findings to a Supreme Court-appointed panel fast approaching.
The markets regulator, according to sources, has been seeking a barrage of information from the Adani group and market intermediaries at frequent intervals for the past two weeks. The information sought pertains to related-party transactions (RPTs) done by the 10 listed firms and unlisted companies belonging to the power-to-ports conglomerate.
Details of the shareholding pattern, disclosures, and other information to corroborate the group’s published numbers and claims have also been sought, according to people familiar with the matter.
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