3min chapter

Grand Tamasha cover image

The Aftermath of the Adani Affair

Grand Tamasha

CHAPTER

The Problem With Family Money in Adani Group Companies

If this is promoter money held offshore, coming into the company as promoter investment through the regular permitted subscription of shares, let's say in a rights issue or otherwise. Depending on a variety of different RBI and SEBI requirements, it might be perfectly okay to do so. But really, perhaps just a method for kind of bolstering one share price. I mean, that is problematic as a matter of law. Is it not?

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