The clarification comes after the government, in a written response to Parliament, Monday, said that several Adani Group companies were being investigated by the SEBI and DRI.
The SAT had earlier stayed SEBI's decision to restrain Franklin Templeton from launching any new debt schemes for a period of 2 years and to refund a little over Rs 512 crore.
The plea stated that crypto-assets are inherently riskier than traditional equity investment products in the share market, mutual funds and other forms of financial products.
The company approached Securities Appellate Tribunal ahead of its EGM scheduled for 22 June to seek shareholders' approval for the proposal to raise capital through the Carlyle deal.
SEBI said the resolution regarding the deal, which was to be put to a shareholders' vote on 22 June, was 'ultra-vires' or beyond the powers of the company's Articles of Association.
Adani Enterprises Ltd. has spun off several units into the public market but the list of shareholders that have risen 200% to 900% in value in the past year need some explaining.
The names of the three officers have been withheld. Their offices were searched over allegations of the officers' role in saving Saradha ponzi scheme operators.
New India Assurance and General Insurance Corporation were listed in 2017. SEBI norms mandate the govt to now raise public shareholding to 25% from the existing 15%.
With 20.2 percent of its total loans in default by the end of last year, Bangladesh had the weakest banking system in Asia. Despite reforms, it will take time to recover.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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