SEBI examines OCCRP鈥檚 claims against Adani Group

04 Sep 2023 CW Team

India's market regulator is investigating the funds identified by a non-profit media organization, which allegedly invested millions in publicly traded stocks of India's Adani Group, according to sources familiar with the situation.

The Organized Crime and Corruption Reporting Project (OCCRP) revealed that offshore entities based in Mauritius acquired 8% to 14% of shares in four Adani Group subsidiaries: Adani Power, Adani Enterprises, Adani Ports, and Adani Transmissions. The Adani Group has refuted these claims. The funds implicated are already part of an ongoing regulatory inquiry into the Adani Group's potential violations of public float norms. Any new information will reportedly be incorporated into the ongoing investigation, the sources noted.

Real Estate

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Swamiraj Rebrands as House of Swamiraj, Announces Rs 210 Cr Project

In a strategic shift marking its evolution from a reputed builder to a lifestyle-focused brand, Swamiraj Constructions has rebranded as House of Swamiraj. With a two-decade legacy and over 1,700 homes delivered across the Mumbai Metropolitan Region (MMR), the company is embracing a new phase centred on community-driven, wellness-oriented living. The rebranding was unveiled via a digital campaign titled #BeyondDimensions, executed in three phases鈥攖easer, engagement, and launch. The campaign spotlighted the brand鈥檚 renewed commitment to designing homes that go beyond function to foster ..

Resources

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Real Estate

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TOTO鈥檚 NEOREST Surpasses 4 Million Global Shipments

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