SEBI is investigating short-seller Hindenburg’s January report against the Adani Group. Allegations related to minimum public shareholding norms were key to the Hindenburg report.
The regulator in Friday's report also said its investigation on some offshore deals covered 12 foreign portfolio investors who were public shareholders of Adani group companies.
Zee and Sony Group Corp had earlier announced a merger to create a $10 billion TV enterprise in 2021, with Goenka set to become the merged entity's MD and CEO.
The market regulator inspected the operations and accounts of IIFL Securities between April 2011 and January 2017 and found several alleged violations of its rules.
Securities and Exchange Board of India said that Zee group promoters Subhash Chandra and Punit Goenka were involved in diverting company funds to the group's related entities.
SEBI said in its order that Chandra and Goenka were actively involved in diverting company funds to the group’s other listed entities and firms related to founding shareholders.
The move follows regulators' investigation of suspected violations by offshore funds in companies of the group led by billionaire Gautam Adani, which has drawn a blank so far.
The Beckhams have had the sleekest, unassailable PR game in celebrity town. And much of it rests on their carefully curated social media image, especially on Instagram.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
Both the governments expressed their commitment to strengthening their maritime cooperation to strengthen the maritime safety and security framework in the region.
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