The Exchange has sought clarification from Adani Power Limited with respect to recent news item captioned US regulator seeking measures to serve Gautam, Sagar Adani legal summons, Bloomberg reports. The response from the Company is attached.
ADANIPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The NSE asked Adani Power to clarify on a Bloomberg news report that a US regulator is looking for ways to serve legal summons on Gautam Adani and Sagar Adani. Adani Power has submitted its response to the exchange, which has been attached to the filing. The underlying news relates to overseas regulatory/legal action against key promoters of the Adani Group. No SEBI action against the company has been indicated in this filing. The full company response is available in the attached document.
This adds to the regulatory uncertainty around the Adani Group's key promoters. The stock may see short-term volatility, but until details of the US action and the company's response are clearer, the direct impact on Adani Power's business remains limited.