Edit: cannot reply below
Indian regulators won't settle with Adani Group. They have become a political liability due to how slapshot they played AND because the Bihar Elections are coming up, so skinning some goats (balli ka bakra) is a quick win - the RJD, INC, and TMC attacks on Modi+Adani are landing in Bihar and much of the rest of India.
Every Indian government does this - such as Kingfisher Group, Sahara Group, Gitanjali Group, etc.
Treat it the same way as Truong My Lan's case in Vietnam and Wanda Group's case in China.
[0] - https://www.reuters.com/sustainability/boards-policy-regulat...
[1] - https://www.reuters.com/sustainability/boards-policy-regulat...
> Adani, the nephew of Gautam Adani, was sent a notice by the Securities and Exchange Board of India (SEBI) last year which alleged he shared information about Adani Green's (ADNA.NS), 2021 acquisition of SoftBank-backed SB Energy Holdings with his brother-in-law before the deal was announced, according to a source and the document.
Some Adani relative is getting a slap on the wrist for a $100k insider trading violation. This has nothing to do with the main issues raised by Hindenburg.
Like I said before, treat this the same way you would similar news in Vietnam, China, Russia, or Romania.