Two sources familiar with the situation said India’s market regulator had requested a six-month extension to finish its investigation into billionaire Gautam Adani’s Adani group’s suspected securities law violations or regulatory filings.
According to reports, Sebi submitted its motion to the Supreme Court on Saturday, citing complicated transactions involving listed, unlisted, and offshore businesses that require further scrutiny.
A US short seller accused Adani.
Reuters inquiries went unanswered by Adani Group.
