Sebi directs exchanges to look into disclosure concerns on Adani group

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Sebi directs exchanges to look into disclosure concerns on Adani group - Business Standard

Quick Summary:

However, a qualitative analysis to determine whether the information constituted material information mandated to be disclosed can only be assessed after an inspection,” said another person with direct knowledge.

However, sources said no investigation has been initiated at the moment against the executives or the companies.“Any such (investigation) action comes only at a very late stage.

Many corporate governance experts have called for an inspection by Sebi and the exchanges into the alleged gaps in disclosures.“Companies should adhere to the highest standards of governance.