Adani Group entities have approached SEBI with settlement offers following allegations of violating public shareholding norms. The investigation focuses on transactions from 2012-2020 involving foreign portfolio investors and promoter-linked entities. The settlement applications, including a ₹28 lakh proposal by Emerging India Focus Funds, aim to address show-cause notices issued by SEBI. While the charges are contested, the applications are a procedural step to resolve the matter without admitting guilt. This move highlights the regulatory challenges faced by one of India’s leading conglomerates.