India threatens penalties on offshore funds not disclosing Adani shareholding details.

From Yahoo Finance: 2025-05-19 05:34:00

India’s markets regulator threatens two Mauritius-based funds investing in Adani Group with penalties for not disclosing shareholding details. Adani and offshore investors under SEBI investigation since 2023 for alleged tax haven use. Regulations require 25% public shareholding in listed companies. Elara funds asked for disclosures since 2023, but have not complied. Funds seek settlement with SEBI. US authorities indicted group chairman Gautam Adani for alleged bribery and misleading investors. Other offshore investors also under scrutiny.



Read more at Yahoo Finance: India threatens two offshore funds holding Adani shares with penalties, document shows