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With recent revelations pointing to several offshore entities acting in concert with its promoters, the Adani group may have embarked on the task of wiping its slate clean.

While the regulator’s interim order alleges massive irregularities, the long arc of unfinished probes, hearings and appeals makes closure distant.
As growth in equities cools, asset managers are looking to embed themselves in payrolls, payments, and credit. This raises their influence, but also the stakes.
A proposed SEC settlement lifts the biggest overhang on the Adani Group—its access to US capital markets.