SEBI accuses Pranav Adani in insider trading case, he seeks to settle
The Hindu
Pranav Adani accused of insider trading, seeks settlement for sharing SoftBank acquisition info, facing regulatory scrutiny.
The Securities and Exchange Board of India (SEBI) has alleged Pranav Adani, director of several Adani group companies and the nephew of founder Gautam Adani, shared price-sensitive information and breached regulations aimed at preventing insider trading, according a document reviewed by Reuters.
Pranav Adani, the nephew of Gautam Adani, was sent a notice by the markets regulator 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.
In an e-mailed response sent to Reuters, Pranav Adani said he was seeking to settle the charges "to put an end to the matter, without admission or denial of the allegations" and that "he has not violated any securities law".
Settlement terms were being discussed, said the source with direct knowledge of the matter, who declined to be named as the matter is confidential.
The scrutiny is the latest challenge for the Adani group. U.S. authorities last year indicted Gautam Adani and two Adani Green executives for allegedly paying bribes to secure Indian power supply contracts and misleading U.S. investors. The group has denied the charges and called them "baseless".
Pranav Adani "communicated UPSI (unpublished price sensitive information) pertaining to the SB Energy acquisition" to his brother-in-law Kunal Shah and violated norms related to insider trading rules in 2021, said the SEBI document, which showed call records and trading patterns were reviewed in the investigation.
India's internet user base reaches 958 million, with 57% from rural areas, highlighting rapid digital adoption across the country.
The Economic Survey reveals a decline in agricultural growth to 3.5% in 2025-26, despite steady foodgrain production increases.
Economic Survey 2025-26 warns unconditional cash transfers risk state finances, impacting fiscal sustainability and medium-term growth.
Economic Survey 2025-26 advocates for tax rationalization on debt-assets to enhance investment in corporate bonds and savings.
Restrictions may also be levied on marketing of infant and toddler milk and beverages to tackle rising obesity
Commercial Vehicles major Tata Motors Ltd. (TML) for the third quarter ended December 31, 2025 reported a 48% fall in consolidated net profit to ₹705 crore as compared with ₹1,355 crore in the year ago period due to one-time impacts of Labour Code and de-merger.
India’s energy gap between supply and demand has dropped to nil by November 2025
India's pharma industry shifts to value-driven approaches, focusing on complex generics, innovation, and expanding medical device exports.
The Economic Survey advocates scrapping MGNREGS, citing structural flaws, while introducing a new rural employment law for improved effectiveness.
The Economic Survey warns that an AI-led correction amid geopolitical tensions could severely impact global financial markets.
Economic Survey key takeaways: Here is a look at the key numbers from the Economic Survey 2025-26 in charts, including GDP, inflation, fiscal deficit and more.
The Economic Survey 2025-26 reveals urban land as "dead capital" due to restrictive regulations and unclear titles, urging better utilization.
India's Economic Survey highlights the need for financial regulators to balance growth and stability amid global uncertainties.