US probe disclosure not mandated: Adani group companies tell bourses

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The story "US probe disclosure not mandated: Adani group companies tell bourses" was covered 4 hours ago by Business Standard, a news publisher based in India.

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US probe disclosure not mandated: Adani group companies tell bourses - Business Standard

Quick Summary:

Queries emailed to the Adani group, and both the stock exchanges on the response by the Adani group remained unanswered till the time of press.

It alleged that Adanis made misleading statements to the media, investors, Indian stock exchanges, and financial institutions in their private communications about the Indian energy company’s awareness of the US investigation.

As far as the question of stage of disclosure of search and investigation is concerned, there is no specific regulation which permits the corporate to do the disclosure only after establishment of charges,” said Tushar Agarwal, founder & managing partner, C.L.A.P.