- 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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