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Reuters
Reuters
Business
By Jayshree P Upadhyay

India regulator probing some Adani offshore deals for possible rule violations-sources

Vinod Adani Gautam Adani India SEBI United States Adani Group the Adani Group Hindenburg
FILE PHOTO: The logo of the Adani group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Dave/

India's market regulator 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 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.

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