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Sebi Accuses Adani Nephew in Insider Trading Case
May 03, 2025
|Hindustan Times West UP
Pranav Adani Seeks to Settle the Charges ‘to Put an End to the Matter, Without Admission or Denial of the Allegations’
MUMBAI: India's markets regulator has alleged Pranav Adani, director of several Adani group companies and the nephew of the billionaire founder, shared price-sensitive information and breached regulations aimed at preventing insider trading, according to a document reviewed by Reuters.
Adani, the nephew of Gautam Adani, was sent a notice by the Securities and Exchange Board of India (Sebi) last year which alleged he shared information about Adani Green's 2021 acquisition of SoftBank-backed SB Energy Holdings with his brother-in-law before the deal was announced, according to a source and the document.
The matter has not been previously reported.
هذه القصة من طبعة May 03, 2025 من Hindustan Times West UP.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Hindustan Times West UP
Hindustan Times West UP
State govts get flak from SC over violation of ABC rules
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Hindustan Times West UP
Watch your steppe
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1 mins
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Hindustan Times West UP
India, US sign framework to strengthen defence ties
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1 min
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