BusinessSEBI Clears Vinod Adani in Offshore Fund Control Case
SEBI has dropped allegations against Vinod Adani, brother of Gautam Adani, finding no evidence that he controlled two offshore funds investing in Adani Group companies. The regulator's 81-page order concluded that Vinod Adani did not direct investment decisions of Emerging India Focus Funds and EM Resurgent Fund, nor control Opal Investments' stake in Adani Power. The case involved minimum public shareholding and fraud claims against him and 11 others.
Hindu Business·3h ago·Mumbai




