The Securities and Exchange Board of India (SEBI) is investigating possible violation of 'related party' transaction rules in the Adani Group's dealings with at least three offshore entities that have links to the brother of the conglomerate's founder, two people said.
The three entities allegedly entered into several investment transactions with ..
India's market regulator is investigating a possible violation of 'related party' transaction rules in the Adani Group's dealings with at least three offshore entities that have links to the brother of the conglomerate's founder, two people said.
The three entities allegedly entered into several investment transactions with unlisted units of the ports-to-power conglomerate founded by billionaire Gautam Adani over the last 13 years, said the sources with direct knowledge of the matter.
Adani Green Energy, Adani Enterprises and Adani Wilmar dropped 2.27 per cent, 1.89 per cent 1.69 per cent, respectively. Adani Ports and Special Economic Zone fell 0.8 per cent to Rs 626.20.