Section 15HA of the SEBI Act provides for a penalty of up to ₹25 crores or three times the amount of profits made by indulging in fraudulent and unfair trade practices relating to securities.
Meanwhile, Credit Suisse and Citigroup have stopped accepting securities of Adani Group as collateral for margin loans.
The Opposition on Thursday demanded an investigation by a parliamentary panel or a Supreme Court-appointed committee into allegations of fraud against the Adani Group that have triggered an unprecedented stock crash. Addressing media outside Parliament, Congress President and Leader of Opposition in Rajya Sabha said, “Leaders of all the opposition parties decided to raise a […]
Party asks the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) to investigate the allegations
Group terms Hindenburg Research report as ‘maliciously mischievous, un-researched’
NEW DELHI: Gautam Adani, the chairman and founder of Adani Enterprises and the fourth richest person in the world, spoke to shareholders during the conglomerate’s annual general meeting (AGM) and outlined the conglomerate’s plans. Adani praised the Indian government for its concentrated efforts in the field of renewable energy, noting that the country has experienced a […]
NEW DELHI: One of the richest men in Asia has joined the 5G spectrum race. Billionaire Gautam Adani’s Adani Group on Saturday confirmed that it will enter the race to acquire telecom spectrum. The decision holds significance as he will compete directly with Mukesh Ambani’s Reliance Jio and Sunil Bharti Mittal’s Airtel. “As India prepares […]