Bad news for Gautam Adani: SEBI issues show-cause notice to Adani Energy Solutions because...

In a fresh setback for businessman Gautam Adani, Adani Energy Solutions has received a show-cause notice from the Securities and Exchange Board of India (SEBI), the capital market regulator. According to the Zee Business report, SEBI alleged that the company wrongfully categorized certain investors as public shareholders, which violates its minimum shareholding norms.