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.
Cats have ruled the internet since their YouTube days. But after two decades, even watching tiny demons wreak devastation upon household items gets boring.
As Visakhapatnam readies a mega airport, the Andhra Pradesh government has revived its shelved Dagadarthi project, aiming to boost cargo and connectivity on the south coast.
Both the Russian and Ukrainian militaries are leaning on drones, but they’re also firing cruise and ballistic missiles, some of them relatively new and experimental.
UK, EFTA already in the bag and EU on the way, almost every member of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade.
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