The Securities and Exchange Board of India (SEBI) has issued a show-cause notice to Adani Group, seeking clarification on alleged wrongful classification of certain promoter group entities as public shareholders. This development comes amid ongoing scrutiny surrounding the conglomerate's compliance with SEBI norms. The move has sparked concerns about potential implications for the group's leadership and corporate governance practices.

Source: https://www.wionews.com/india-news/major-setback-for-adani-group-sebi-issues-notice-as-chairperson-buch-faces-scrutiny-770755