The Securities and Exchange Board of India (SEBI) has accused members of the Adani Group of insider trading in connection with the open offer to acquire additional shares of NDTV, according to a regulatory document reviewed by The Economic Times.
SEBI’s allegation centers on Pranav Adani, a senior Adani Group executive, who is said to have shared unpublished price-sensitive information about the open offer with his brothers-in-law before it was made public. Regulators claim that this constitutes a violation of insider trading rules under Indian securities laws.
The matter relates to the open offer launched by the Adani Group as part of its ongoing acquisition strategy involving NDTV, where the group aims to substantially increase its stake in the media company. SEBI’s scrutiny highlights broader concerns over corporate governance and compliance around high-profile deals in Indian markets.
Market watchers are expected to follow further regulatory developments closely, as SEBI’s formal allegations could lead to enforcement action and have implications for investor confidence amid heightened oversight of large conglomerates and their takeover activities.
