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Sebi Accuses Adani Nephew in Insider Trading Case
Hindustan Times West UP
|May 03, 2025
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.
This story is from the May 03, 2025 edition of Hindustan Times West UP.
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