Six Adani Group firms have come under the Securities and Exchange Board of India (Sebi) lens and have received show-cause notices for alleged breaches in related party transactions and non-compliance with listing regulations, said the companies in their regulatory filings to the stock exchanges.
Among these, Adani Enterprises, the flagship of Gautam Adani’s business empire, disclosed the receipt of two show-cause notices during the quarter ending on March 31. Other firms of the group, including Adani Ports & Special Economic Zone, Adani Power, Adani Energy Solutions, Adani Wilmar, and Adani Total Gas, have also informed the bourses about Sebi’s recent inquiries.
