Markets regulator SEBI on Friday (December 12, 2025) cleared Pranav Adani, a director in several Adani Group companies and nephew of billionaire Gautam Adani, of allegations that he shared price-sensitive information and violated insider-trading rules.

Apart from Pranav Adani, SEBI also dismissed charges of insider trading rule violation against his two relatives.

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The case centred on whether Pranav Adani had disclosed confidential details about Adani Green Energy's planned acquisition of SB Energy before the information became public.

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To examine this, SEBI investigated trading in Ada

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