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Questions raised over Gautam Adani sibling Vinod's related party status

According to legal experts, while the definition of related parties varies among regulators, it is unusual for a promoter-group entity to not be classified as one

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Sachin P Mampatta Mumbai
Questions have emerged over the related party status of Vinod Adani, brother of Gautam Adani, following a reading of multiple disclosures made by the Adani group.

Vinod Adani-owned Endeavour Trade and Investment is the acquiring vehicle for both ACC and Ambuja Cements, with disclosures suggesting that he is part of the promoter group.  

The Adani group's response to allegations of irregularities in the disclosure of related-party transactions involving Vinod Adani firms suggests that he is not a related party despite being part of the promoter group, a potential contradiction highlighted in a report by digital publication The Morning Context. The

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First Published: Mar 17 2023 | 5:38 PM IST

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