India regulator probing some Adani offshore deals for possible rule violations: Sources

dealings with at least three offshore entities that have links to the brother of the conglomerate's founder, two people said.

Under Indian laws, direct relatives, promoter groups and subsidiaries of listed companies are considered related parties. An e-mail to SEBI requesting comment was not answered. SEBI chairperson Madhabi Puri Buch declined to comment on the Adani investigations at a news conference on Wednesday. Vinod Adani could not be reached for comment. Requests for comment sent to his holding company in Dubai, Adani Global Investment DMCC, were not responded to.alleging improper use of tax havens and stock manipulation by Adani Group, among other things - charges it has denied.

SEBI's investigation into Adani's possible 'related party' transactions with offshore entities with links to Vinod Adani has not been reported before.

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