Adani group and 13 others pay ₹1.48 crore to settle SEBI public shareholding case
Gautam Adani, four Adani companies and 13 other entities have paid a total of ₹1.48 crore to settle SEBI proceedings over alleged breaches of minimum public shareholding rules.
SEBI concluded its inquiries into alleged non-compliance with minimum public shareholding requirements for several listed Adani entities by accepting a settlement of ₹1.48 crore from Gautam Adani, four of his group firms and 13 other parties. The regulator first issued a show-cause notice in September 2024 after reviewing complaints lodged in 2020, and launched formal investigations in October 2020 against Adani Enterprises, Adani Power, Adani Ports and Special Economic Zone and Adani Energy Solutions (formerly Adani Transmission).
A supplementary notice in March 2025 prompted the parties to file settlement applications without admitting liability. The settlement, approved by SEBI’s internal and advisory committees in May and June, also resolves cases against managing director Rajesh Adani and board member Pranav Adani. The payment was made in August 2026, ending the proceedings. This follows earlier SEBI settlements with Adani firms over related-party transaction disclosures and other governance issues.
Why it matters
The settlement removes regulatory uncertainty for India's largest conglomerate, influencing market confidence and future compliance expectations.
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