The Mauritian regulator said that Mauritius does not permit creation of shell companies and cannot be described as a 'Tax Haven' as has been done by Hindenburg.
In a stock exchange filing on Sunday, 360 One Wam Limited, formerly known as IIFL Wealth Management Limited, said its IPE-Plus Fund 1 had made zero investments in any shares of the Adani Group -- either directly or indirectly.