Sebi accuses Adani's nephew in insider trading case, settlement talks on

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Sebi accuses Adani's nephew in insider trading case, settlement talks on - Business Standard

Quick Summary:

Sebi had proposed that Kunal and Nrupal Shah also settle, but the brothers chose to contest the allegations as they found the terms too onerous, the source added.

US authorities last year indicted Gautam Adani and two Adani Green executives for allegedly paying bribes to secure Indian power supply contracts and misleading US investors.

Adani Green's acquisition of SB energy on May 17, 2021 at an enterprise value of $3.5 billion is the largest acquisition in the renewable energy sector in India so far.