The court stated in its ruling that the Supreme Court's jurisdiction to enter the regulatory framework of SEBI is restricted. "SEBI has concluded investigations in 20 of 22 cases. The investigation into the remaining two cases will be completed within three months," the order stated.
Out of Rs 2.9 trillion added in the market, the rally in Adani stocks contributed Rs 1.9 trillion, the largest single-day increase in value for the conglomerate.
Mauritius has refuted claims that the Adani Group's Shell companies are present in the Island country, an allegation that Congress has repeatedly used to target the Indian conglomerate
SC has asked SEBI to investigate whether the Adani Group of companies have violated Section 19 of SEBI rules and whether there was any manipulation of stock prices
Gautam Adani said, "This is one the largest transfers made to a foundation in the Indian corporate history. This commitment also honors the birth centenary year of my father Shantilal Adani."