The Economic Times

Sebi clears Gautam, Vinod Adani of MPS norm violation, imposes penalties on others

Securities and Exchange Board of India has cleared Gautam Adani and family of MPS violations accusations. While it imposed a penalty of 20 lakh each on two individuals for misinformation. The cases involve Adani Enterprises, Adani Power, Adani Ports and Special Economic Zone, and Adani Energy Solutions. Sebi found insufficient evidence linking the Adani family effectively controlling certain foreign investments.