Adani Group Stocks Remain Resilient Amidst SEBI Notices: Insights Shared by Jidesh Kumar Featured in Business Standard

Posted On - 3 May, 2024 • By - King Stubb & Kasiva

Despite recent scrutiny by the Securities and Exchange Board of India (Sebi) regarding disclosure norms, Adani Group stocks have shown remarkable stability. Jidesh Kumar, Managing Partner at KSK, offered valuable insights on this matter in an article featured on Business Standard.

In the article, he highlighted that a show cause notice from Sebi does not equate to a conviction; rather, it signifies a legal notice. He emphasized that the resolution of such notices largely depends on the adequacy of the response provided. Typically, if Sebi is satisfied with the response, the matter concludes there. However, in cases of dissatisfaction, Sebi may proceed with convictions.

He further explained that for initial violations, Sebi tends to adopt a lenient approach, imposing fines ranging from Rs 25,000 to Rs 500,000. Nevertheless, repeated violations may attract stricter penalties.

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