 "Adani")
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 US-based short-seller Hindenburg Research had made its allegations regarding related-party transactions in a January 2023 report.
