Sebi probe likely to suggest no major lapses by Adani group companies

Report may name 6 short-sellers and mention gains they made around the time of Hindenburg report's release

The Securities and Exchange Board of India (Sebi), tasked by the Supreme Court with probing whether Gautam Adani’s eponymous conglomerate violated securities laws, has not unearthed any major lapses. As a result, the Adani group is unlikely to face serious regulator action.

The markets regulator, according to sources familiar with the probe report, has been able to establish only one key allegation, which pertains to non-disclosure of related-party transactions. The alleged violation could make the group liable for a penalty of up to Rs 1 crore.
 

The other serious charges, such as alleged manipulation of stock prices and possible violation