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SEBI Action Warning to Two Mauritius FPIs in Adani Probe

20 May 20251 min read
BANKING & FINANCESEBI ActionWarning to TwoMauritius FPIs inAdani Probe20 May 2025safalsetu.com

Why in the news

SEBI warned two Mauritius-based foreign portfolio investors with large Adani Group stakes for withholding ownership details it has sought since 2023.

Key facts

  • The 2023 Hindenburg allegations (tax havens, stock manipulation) caused a selloff; Adani denies wrongdoing.
  • Both funds held concentrated stakes and did not name beneficial owners or justify this.
  • SEBI says it hampers checks on Minimum Public Shareholding (MPS) compliance and ownership concentration norms.

Possible outcome

  • Tighter rules for foreign funds based in tax-friendly jurisdictions.

Exam angle

  • Regulator: SEBI; investors: Mauritius-based FPIs.

Test yourself

1. SEBI threatened action against which two Mauritius-based FPIs in the Adani shareholding probe?

The notes name Elara and Vespera.

2. How many offshore investors in the Adani Group is SEBI probing, per the notes?

SEBI is probing 13 offshore investors.

3. What did the two FPIs fail to disclose despite repeated SEBI requests since 2023?

They did not disclose granular shareholder and beneficial owner details.

This topic is part of Daily Current Affairs 20 May 2025 (17 topics).

All topics of the dayDay quizMay 2025

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