The Latest Breaking News from SEBI

By now, you might have heard about the tanking shares of the Adani firms. And how Gautam Adani, who was recently the second richest man in the world, has now dropped to the 15th position in the Forbes’ list of the world’s wealthiest. All over a week. 

The Securities and Exchange Board of India (Sebi) has extended the suspension of trading in derivative contracts for seven commodities, namely paddy (non-basmati), wheat, chana, mustard seeds and its derivatives, soyabean and its derivatives, crude palm oil and moong, for one year. Read on for details:

The Adani group’s open offer for additional 26 percent shares of New Delhi Television Limited, or NDTV, that began tendering after over a month’s delay on November 22, 2022, finally came to a close yesterday. Managing to get 31.7 percent of the bid quantity, the group acquired 8.26 percent of…

NDTV’s committee of independent directors has published its recommendations on Adani’s open offer, calling it “fair and reasonable”.