BusinessSEBI Clears Vinod Adani, Settles Gautam Adani in MPS Violation Case
The Securities and Exchange Board of India (SEBI) has cleared Vinod Adani, elder brother of Adani Group chairman Gautam Adani, of allegations related to minimum public shareholding (MPS) violations and fraudulent trade practices. SEBI found no evidence of Vinod Adani's control over two foreign portfolio investors and Opal Investment Pvt Ltd, dismissing claims of MPS norm breaches in Adani Group companies. The case involved 30 noticees including individuals and entities.
Hindu Business·2h ago·Mumbai




