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Adani Group Firms, Directors Settle MPS Case with SEBI for ’1.48 Crore
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CNBC TV18•28-09-2026, 20:44
Adani Group Firms, Directors Settle MPS Case with SEBI for ’1.48 Crore
- •Four Adani Group companies—Adani Enterprises, Adani Power, Adani Ports and Special Economic Zone (APSEZ), and Adani Transmission (now Adani Energy Solutions)—along with their directors, have settled alleged minimum public shareholding (MPS) violations with SEBI.
- •The settlement amount totals ’1.48 crore, with each of the four companies and their respective directors paying ’37.05 lakh.
- •SEBI initiated an investigation in October 2020 following complaints regarding non-compliance with MPS requirements by certain Adani Group companies.
- •Show-cause notices were issued in September 2024 and March 2025, alleging failure to comply with MPS requirements under various regulations.
- •The settlement, approved by SEBI's High Powered Advisory Committee and Panel of Whole Time Members, was finalized with payments made on August 26, 2026, disposing of the proceedings without admission or denial of facts.
Key Questions Answered
The settlement covers Adani Enterprises, Adani Power, Adani Ports and Special Economic Zone (APSEZ), and Adani Transmission (now Adani Energy Solutions), along with their respective directors.
The four companies and their directors paid a combined settlement amount of ₹1.48 crore, with each company and its directors contributing ₹37.05 lakh.
SEBI issued a show-cause notice in September 2024 after an investigation was initiated in October 2020 following complaints received in June and July of that year.
