SignIn
Kerala Kaumudi Online
Monday, 07 July 2025 3.09 AM IST

SEBI investigating Adani firms over regulatory compliance; shares fall

Increase Font Size Decrease Font Size Print Page
adani

NEW DELHI: India's securities regulator and customs authorities are investigating some Adani Group companies for non-compliance of rules, Minister of state for finance Pankaj Chaudhary told parliament on Monday.

Shares of the six Adani group companies, which are in the business of operating airports and ports, generating and distributing electricity, and coal and gas trading, closed between 1.1%-4.8% lower on Monday.

"The Securities and Exchange Board of India (SEBI) is investigating some Adani Group companies with regard to compliance with SEBI Regulations," Chaudhary said, without disclosing the companies involved.

"The Directorate of Revenue Intelligence (DRI) is investigating certain entities belonging to the Adani Group," he said.

A spokesman for the Adani group said the company had not received any enquiries from the Securities and Exchange Board of India (SEBI) "recently."

"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," he said.

A matter pertaining to a show cause notice sent by the Directorate of Revenue Intelligence (DRI) five years ago was sub-judice, the spokesman said.

Stocks of companies controlled by Indian billionaire Gautam Adani recorded their biggest-ever decline in the week ended June 18, after Indian newspaper Economic Times reported that the accounts of three Mauritius-based foreign investors in Adani companies had been frozen.

Shares in the six Adani companies have fallen between 12.9%-44.9% in the five weeks after the Economic Times report. The stocks have cumulatively lost over $37.6 billion in just over a month following the report, even after Adani rejected the article as "blatantly erroneous."

TAGS: SEBI, ADANI, INDIA
JOIN THE DISCUSSION
KERALA KAUMUDI EPAPER
TRENDING IN INDIA
TRENDING IN INDIA
X
Lorem ipsum dolor sit amet
consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
We respect your privacy. Your information is safe and will never be shared.