SEBI Drops Case Against Vinod Adani After Failing to Establish Control Over Offshore Funds
The Securities and Exchange Board of India (SEBI) has concluded proceedings against Vinod Adani in a long-running case concerning alleged violations of minimum public shareholding (MPS) requirements involving certain Adani Group companies. In its final order dated September 28, 2026, SEBI said it could not establish that Vinod Adani exercised control over two foreign portfolio […]