MUMBAI/NEW DELHI : India's market regulator is investigating Adani Group's links to some of the investors in the conglomerate's aborted $2.5 billion share sale, two sources said, amid growing concern in New Delhi about a U.S. short-seller's allegations against one of the country's top industrial groups.
Under India's capital and disclosure requirement rules, any entity related to a company's founder or the founder group is ineligible to apply under the anchor investor category. One of the sources said the focus of the probe would be whether any of the anchor investors are"connected" to the founder group.
Also under the SEBI scanner are Elara Capital and Monarch Networth Capital, two of the 10 investment banks that managed the share offering, the sources said, adding that SEBI had approached the two firms last week. When contacted, Monarch referred Reuters to an exchange disclosure on Feb. 3 that said an Adani entity has held"an insignificant", 0.03 per cent, stake in the company since 2016. Reuters was unable to confirm this from public records. Elara did not respond to a request for comment on the regulator's probe and Hindenburg's allegations.
Source: News Formal (newsformal.com)
maybe after investigations...given stern warnings
他开空壳公司的资金被做空？
Nothing but a show off. Mere formality.
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