BENGALURU -- India's stock market regulator on Wednesday proposed stricter scrutiny of offshore funds that hold large stakes in local companies, a move aimed at unraveling the opaque ownership structures of conglomerates in the wake of Adani Group's troubles.
Adani Group
India to tighten scrutiny of offshore funds after Adani probe
Regulator SEBI aims to shed light on conglomerates' opaque shareholding structures
The Securities and Exchange Board of India is inviting comment on the consultation paper it has published that is aimed at increasing scrutiny of shareholding structures.
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