India’s Sebi to Submit Report on Adani to Court-Appointed Panel
Adani Group headquarters in Ahmedabad, India.
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The Securities and Exchange Board of India confirmed that it will submit its findings on the Adani Group to a court-appointed committee.
“If you see the Supreme Court order, it instructs us to give precisely this update to the committee,” Madhabi Puri Buch, chairperson of the nation’s capital markets regulator, said in Mumbai Wednesday. “It will be inappropriate for us to share with the media and the public at large of what we have been instructed by the highest court of the land to go and report to the committee.”