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

Summary by Ground News
India's market regulator is investigating possible violation of "related party" transaction rules in the Adani Group's dealings with at least three offshore entities. The three entities allegedly entered into several investment transactions with unlisted units of the ports-to-power conglomerate founded by billionaire Gautam Adani. Under Indian laws, direct relatives, promoter groups and subsidiaries of listed companies are considered related parties.

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Reuters broke the news in United Kingdom on Saturday, April 1, 2023.
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