Pranav Adani is managing director - agro, oil and gas and director at Adani Enterprises. (Photo source: NDTV) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The Securities and Exchange Board of India on Friday disposed off insider-trading allegations against Pranav Adani and his two relatives, Kunal Shah and Nrupal Shah, in a case tied to Adani Green Energy Ltd.'s 2021 acquisition of SB Energy Holdings Ltd.

The SEBI undertook an investigation relating to trading in the scrip of AGEL for the period from Jan. 28, 2021 to Aug. 20, 2021 and appointed an Investigating Officer (IA) on April 20, 2023. A common show cause notice was issued to Adani and the two others in November 2023.

The market regulator said in an order that the information cited by investigators had already

See Full Page