‘SEBI Investigation’ Targets Offshore Funds Over Adani Holdings 📉

• The SEBI Investigation has issued warnings to two Mauritius-based funds, Elara and Vespera, for failing to disclose detailed shareholding information related to Adani Group investments.
• These funds have been under scrutiny since 2023 following allegations of misuse of tax havens by the Adani Group.
• Despite repeated requests, the funds have not provided the required disclosures, leading to potential penalties and license cancellations.
• The SEBI Investigation under scores the regulator’s commitment to transparency and investor protection in Indian financial markets. Reuters The Times of India

👉 Why this matters: The SEBI Investigation highlights the importance of regulatory compliance and transparency, ensuring the integrity of India’s capital markets.

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