SEBI Investigating Some Adani Group Firms, Minister Says

· Market regulator SEBI is investigating some Adani Group companies with regard to compliance with rules, Pankaj Chaudhary, minister of state for finance, says in a written reply to a lawmaker’s questions.

· The Directorate of Revenue Intelligence is also investigating certain entities belonging to the Adani Group under laws administered by it, according to the minister.

· Holding of Foreign Portfolio Investors in six publicly-traded Adani companies is based on day to day trading of shares and thus dynamic, the minister says.