Business EconomyPosted at: Sep 29 2026 3:16PM


SEBI clears 4 Adani Companies of violating minimum public shareholding violation norms

Mumbai, Sep 29 (UNI) Stock market regulator Securities & Exchange Board of India (SEBI) has cleared Adani Group Chairman Gautam Adani and four Adani Group companies of charges of alleged violations of minimum public shareholding (MPS) norms by paying a one-time settlement amount of Rs 1.48 crore.
The four companies are Adani Enterprises Ltd, Adani Power Ltd, Adani Ports & Special Economic Zone Ltd as well as Adani Transmission Ltd, which is now known as Adani Energy Solutions Ltd, along with their directors.
Legal proceedings were initiated against the companies after the SEBI received complaints in June and July 2020 alleging violations of minimum public shareholding (MPS)
The SEBI initiated an investigation on October 23, 2020 and issued a show-cause notice to the companies on September 27, 2024, followed by a supplementary show-cause notice on March 3, 2025.
The SEBI’s show-cause notices alleged violations of minimum public shareholding (MPS) norms prescribed under the Securities Contracts (Regulation) Rules, the erstwhile Listing Agreement and SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations.
After legal proceedings against the Adani Group companies were initiated, the Adani Group companies proposed to settle the proceedings without admitting or denying the facts and conclusions of law.
SEBI’s Internal Committee and High-Powered Advisory Committee considered the proposals made by the four Adani Group companies, which were subsequently approved by its committee of whole-time members on August 13, 2026.
As per the settlement order passed on Monday, September 28, the four Adani Group companies paid a total settlement amount of Rs 1.48 crore, after which the SEBI passed an order that legal proceedings arising from the show cause notice and supplementary show cause notice be disposed of.
Under the settlement, each of the four Adani Group companies agreed to pay Rs 37.05 lakh jointly and the amounts were paid on August 26, 2026.
Accordingly, the SEBI disposed of the proceedings and decided not to pursue further enforcement action for the alleged violations.
However, the SEBI has retained the power to revive proceedings in case of false representations, breach of settlement undertakings, or any discrepancy in settlement terms.
UNI BA RSA
Please log in to get detailed story.
Tags: #SEBI clears 4 Adani Companies of violating minimum public shareholding violation norms
More News

L&T bags big power transmission orders in Saudi Arabia, UAE

05 Oct 2026 | 4:38 PM

New Delhi, Oct 5 (UNI) Larsen & Toubro (L&T) on Monday said its Power Transmission & Distribution (PT&D) business has secured multiple engineering, procurement and construction (EPC) orders in India and overseas, with a focus on strengthening electricity transmission networks and supporting renewable energy integration.

see more..

TVS ASL attracts strategic investment from UAE-based Crescent Enterprises

05 Oct 2026 | 4:33 PM

Chennai, Oct 5 (UNI) TVS Automobile Solutions (TVS ASL), the owner of the ‘myTVS’ automotive aftermarket brand and part of the USD 3 billion TVS Mobility Group, today announced that it has raised Rs.425 crore in a Series D funding round led by CE-Invests, the strategic investment arm of UAE-based Crescent Enterprises.

see more..

SAIL achieves record production, sales in H1 FY27; high-end steel output jumps 30 pc

05 Oct 2026 | 1:03 PM

New Delhi, Oct 5 (UNI) Steel Authority of India Limited (SAIL) has delivered a remarkable performance in the first half of FY27 (April-September 2026) and in September 2026, achieving several best-ever milestones across production, sales and efficiency parameters.

see more..

AM Intelligence expands Nvidia Vera Rubin AI factory capacity in India, Malaysia

05 Oct 2026 | 12:23 PM

Hyderabad, Oct 5 (UNI) AM Intelligence (AMI), the AI infrastructure platform set up by the promoters of Greenko, on Monday announced two further firm and binding orders for 20,000 NVIDIA Rubin GPUs to be deployed as NVIDIA Vera Rubin NVL72 rack-scale systems in India and Malaysia.

see more..

Taiwan-based air carrier set to launch direct flights from Delhi to Taipei

04 Oct 2026 | 9:53 PM

New Delhi, Oct 4 (UNI) Set to become the only Taiwan-based airline to operate direct flights from Delhi to Taipei, EVA Air is geared up to launch the service starting December 1, officals said. .

see more..