Adani shares fall as govt says regulators probing group companies for non-compliance of rules

Mini

Adani shares declined more than 2-5 percent today after the govt informed Parliament that the capital market regulator was investigating some of the Adani Group companies with regards to non-compliance with Sebi regulations.

Adani shares fall as govt says regulators probing group companies for non-compliance of rules
Shares of Adani Group companies declined more than 2-5 percent each on Monday after the government informed the Parliament that the Securities & Exchange Board of India (Sebi) and customs authorities are investigating some Adani Group companies for non-compliance with rules.
Minister of state (MoS) finance Pankaj Chaudhary said the capital market regulator was investigating some of the Adani Group companies with regards to non-compliance with Sebi regulations.
Further, he also told Parliament that the Directorate of Revenue Intelligence was investigating certain entities belonging to the Adani Group under laws administered by it.
Also read:
It was not immediately clear when the investigation was launched. The minister did not name which companies were involved.
However, he also said the Enforcement Directorate was not carrying out any investigation into the Adani Group.

Market Movers

CompanyPriceChng%Chng
JSW Steel704.55 -13.00 -1.81
Wipro590.45 -8.70 -1.45
Reliance2,076.85 -28.85 -1.37
SBI423.30 -5.60 -1.31
M&M754.30 -9.90 -1.30
CompanyPriceChng%Chng
SBI423.30 -5.85 -1.36
Reliance2,077.70 -27.50 -1.31
M&M754.35 -9.50 -1.24
Tech Mahindra1,120.05 -10.25 -0.91
Larsen1,597.85 -14.15 -0.88
CompanyPriceChng%Chng
SBI Life Insura1,076.65 26.20 2.49
Bajaj Finserv13,525.05 323.85 2.45
Hindalco400.05 8.30 2.12
Divis Labs4,921.15 96.40 2.00
UltraTechCement7,616.70 126.40 1.69
CompanyPriceChng%Chng
Bajaj Finserv13,525.35 324.75 2.46
UltraTechCement7,605.05 116.10 1.55
Sun Pharma703.55 9.55 1.38
Titan Company1,722.55 21.90 1.29
Tata Steel1,298.10 16.20 1.26

Currency

CompanyPriceChng%Chng
Dollar-Rupee74.41750.01750.02
Euro-Rupee87.80600.20000.23
Pound-Rupee102.75000.43800.43
Rupee-100 Yen0.67460.00160.23