SEBI should retrospectively tighten FPI disclosure norms it was 'forced to dilute' to benefit Adani, claims Cong; seeks JPC probe

Congress has demanded that the Securities and Exchange Board of India (SEBI) should ensure complete disclosure of ownership of Foreign Portfolio Investors (FPIs) from retrospective effect and that a Joint Parliamentary Committee (JPC) can investigate who diluted and then removed the very rule in this regard to benefit the Adani group. This comes after SEBI proposed mandating additional disclosure around ownership of high-risk FPIs on Wednesday. Congress also launched a booklet related to 100 questions that the party asked Prime Minister Narendra Modi since February on the Adani issue. The party has been seeking a JPC probe into the Adani matter.

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