MUMBAI, Feb 6 (Reuters) - India's markets regulator has written to various custodian banks asking for details on beneficial owners of offshore funds and foreign portfolio investors (FPIs), two sources directly aware of the matter said on Monday.
While not unprecedented, the move comes after a scathing attack by U.S. short-seller Hindenburg Research on the Adani Group, alleging improper use of offshore tax havens and stock manipulation. The conglomerate denies all allegations.