Reuters exclusively reported that India’s market regulator is investigating the relationship between the Adani Group and a fund incorporated in the British Virgin Islands to see if there has been a violation of share ownership rules.
Business & FinanceDealsEconomyGovernment
India regulator probing ties between Adani Group and Gulf Asia fund
11 October 2023, 11:50 am 1 minute
Market Impact
Shares of Adani Enterprises (ADEL.NS) and Adani Ports (APSE.NS) turned negative after the report and were trading down 0.1% and 0.5%, respectively.
Article Tags
Topics of Interest: Business & FinanceDealsEconomyGovernment
Type: Reuters Best
Sectors: Business & FinanceEconomy & Policy
Regions: Asia
Countries: India
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
