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India Rejects Adani-Linked FPIs' Settlement Bids
India's market regulator, SEBI, has reportedly rejected settlement applications from Adani-linked Foreign Portfolio Investors (FPIs).
24 Aug, 00:16 — 24 Aug, 02:36
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bloombergHigh1d ago
India Rejects Settlement Bids by Adani-Linked Funds, ET Reports
India’s markets regulator rejected settlement applications from overseas funds with significant stakes in Adani Group companies after their proposed terms fell short of the regulator’s requirements, the Economic Times reported.
By Akriti Sharma
Read full article →economic-times1d ago
Sebi turns down Adani-linked FPIs' settlement applications
The regulator communicated its decision to the FPIs' representatives last week, the people said, reviving a case that dates back to October 2020, when Sebi's surveillance systems first flagged the unusual concentration of their holdings. Sebi's investigation had flagged 13 FPIs. They subsequently sought to settle the case.
Read full article →Coverage Timeline
First report: economic-times · 24 Aug, 00:16|Full coverage: 2 · 2h|Window: 2h
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