SEBI clears 4 Adani Companies of violating minimum public shareholding violation norms

Mumbai, Sep 29 (UNI) Stock market regulator Securities & Exchange Board of India (SEBI) has cleared Adani Group Chairman Gautam Adani and four Adani Group companies of charges of alleged violations of minimum public shareholding (MPS) norms by paying a one-time settlement amount of Rs 1.48 crore. The four companies are Adani Enterprises Ltd, Adani Power Ltd, Adani Ports & Special Economic Zone Ltd as well as Adani Transmission Ltd, which is now known as Adani Energy Solutions Ltd, along with their directors. Legal proceedings were initiated against the companies after the SEBI received complaints in June and July 2020…