MUMBAI: The Adani group on Monday said it had not received any communication from markets regulator Sebi about its investigations relating to investments by foreign investors in group companies.
A group spokesperson also said that the case related to the directorate of revenue intelligence (DRI) dates back to 2015 and the matter is being heard in a tribunal.
“We have always been transparent with all our regulators and have full faith in them. While we have always been fully compliant with applicable Sebi regulations, we have made full disclosure to Sebi on specific information requests from them in the past. However, we have not received any communication or information requests recently,” a statement from the group said.
“With regard to DRI matter, it issued a show-cause notice to Adani Power about five years back. Subsequently, DRI passed an order in favour of Adani Power confirming that there is no over-valuation of equipment. The department has approached the Tribunal and the matter stands sub judice now,” it said.
