A short-seller attack earlier this year on the Adani Group had focused on a different family member. New York-based Hindenburg Research had gone after tycoon Gautam Adani's older brother, Vinod
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India s complex regulations on disclosing related-party transactions have been in place for eight years, but the spirit of the law may still not be filtering into corporate behaviour. Experts believe Adani Group, India s top infrastructure player embroiled in governance issues, should have been more forthcoming about doing business with a legal firm where the chairman s daughter-in-law is a partner.
India s regulations around disclosing related-party transactions have been frequently tweaked over the past eight years. However, there are concerns that the spirit of the law is not filtering into corporate behaviour.
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