Clarification on SEBI & DRI Investigation of Adani Group companies


With reference to the news item about the investigation by SEBI in Adani Group companies with respect to the compliance of SEBI Regulations. Further, the reports also refers to the DRI investigation. In this respect, we would like to clarify as under and request you to attribute the same to the Adani Group Spokesperson:

“We have always been transparent with all our regulators and have full faith in them. While we have always been fully compliant with applicable SEBI regulations, we have made full disclosure to SEBI on specific information requests from them in the past. However, we have not received any communication or information requests recently.  

With regard to DRI matter, it issued a show cause notice to Adani Power, about 5 years back. Subsequently, DRI passed an order in favour of Adani Power confirming that there is no over-valuation of equipment. The department has approached the Tribunal and the matter stands sub judice now. 

Adani Group is a responsible corporate citizen and strongly believes in compliance of applicable laws and adheres to prudent corporate governance framework."

Popular posts
Contract awarded to Hindustan Infralog Pvt. Ltd. (with DP World) for mega container handling under PPP mode at Deendayal Port at Tuna Tekra, Kandla
Image
ASUS strengthens pan India retail strategy with the launch of Exclusive Store in Bengaluru
Image
अब मध्य प्रदेश में होगी वास्तविकता की बात, वाभापा को मिलेगा जनता का साथ – डॉ वरदमूर्ति मिश्र
Image
श्रेया घोषाल के शो में बतौर रिएलिटी शो कंटेस्टेंट से लेकर उनके साथ गाना गाने तक, कैसा रहा लक्ष्य कपूर सिंसिग सफर* *जब श्रेया घोषाल के समाने बतौर रिएलिटी शो कंटेस्टेंट अपनी शुरूआत करने वाले लक्ष्य कपूर ने उनके साथ गाया गाना* अपनी सुरीली आवाज और अच्छे लुक्स के लिए जाने जाने वाले लक्ष्य इस पीढ़ी के वायरल सिंगिंग सेंसेशन में से एक हैं।
Image
Safexpress launches its 74th ultra-modern Logistics Park in Chennai ~ New facility will boost economic growth in Tamil Nadu region ~
Image