New Delhi: The Supreme Court, in March, had asked SEBI to investigate the Adani Group for any lapses related to public shareholding, related party rules, or regulatory disclosures. SEBI suspects there were “disclosure violations” on some of the transactions, sources have said. 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. Web Desk
