SEBI seeks 6-month extension to complete Adani probe: Report

India’s market regulator, the Securities and Exchange Board of India (SEBI) has asked for a six-month extension to complete its probe into possible lapses in securities laws or regulatory disclosures by billionaire Gautam Adani’s Adani group, two people with direct knowledge of the matter said.

SEBI filed its request with the Supreme Court on Saturday, citing complex transactions involving listed, unlisted and offshore entities that require deeper investigations, the sources said.

Allegations against the Adani group were made by a US-based short seller.

Adani group did not immediately respond to queries sent by Reuters.


  • Adam Gray

    Adam Gray is an experienced journalist with a passion for breaking news and delivering it to the masses. With over a decade of experience in the field, he has covered everything from local stories to national events, earning a reputation for his accuracy, reliability, and attention to detail. As a reporter, Adam is always on the lookout for the next big story, and his dedication to uncovering the truth has earned him the respect of his peers and readers alike. When he's not chasing down leads, Adam can be found poring over the latest headlines, always on the lookout for the next big scoop. Contact [email protected]

Leave a Reply

Your email address will not be published. Required fields are marked *