SEBI charges Adani family with insider trading; he wants to settle.

• Pranav Adani, director of several Adani group firms and nephew of billionaire founder Gautam Adani, has been accused of sharing price sensitive information and breaching norms to prevent insider trading.

• SEBI sent a notice last year alleging Adani shared information about Adani Green’s 2021 acquisition of SoftBank-backed SB Energy Holdings with his brother-in-law before the deal was announced.

• Adani has denied any violation of any securities law and is seeking to settle the charges without admission or denial.

• The scrutiny is the latest challenge for the Adani group, which has previously been indicted for allegedly paying bribes to secure Indian power supply contracts and misleading U.S. investors.

• Adani Green’s acquisition of SB Energy, valued at $3.5 billion, is the largest acquisition in India’s renewable energy sector.