The Adani group is considering an independent evaluation of issues relating to legal compliance, related party transactions and internal controls, disclosures showed on Tuesday.
The quarterly earnings disclosures of three Adani units — Adani Green Energy, Adani Ports and Special Economic Zone and Ambuja Cements — noted that a short seller had alleged “certain issues against some” Adani group entities, saying for the first time they may be looked into.
“The management of Adani group entities are evaluating an independent assessment, basis the requisite corporate approvals, to look into the issues and compliance of applicable laws and regulations, transaction specific issues,” Adani Green said in its quarterly earnings filing, without describing the issues.
