SEBI finds prima facie violation of insider trading rules in Adani Green Energy case
This order addresses SEBI's investigation into alleged insider trading in Adani Green Energy Limited (AGEL) shares, specifically examining whether unpublished price-sensitive information regarding the acquisition of SB Energy was misused by individuals and entities.
Mr. Vinod Bahety, Mr. Tarun Jain, M/s Rajtaru Enterprises, and MC Jain Infoservices Pvt Ltd.
- SEBI formed a prima facie opinion that the noticees possibly violated the SEBI Act and Prohibition of Insider Trading Regulations, 2015.
- SEBI alleged that Mr. Vinod Bahety, as Head of M&A at Adani Group, was an insider in possession of Unpublished Price Sensitive Information (UPSI) regarding the SB Energy acquisition.
- SEBI alleged that Mr. Tarun Jain, Rajtaru Enterprises, and MC Jain Infoservices Pvt Ltd. traded in AGEL shares based on this UPSI.
- SEBI directed that disgorgement of unlawful profits and penalties be considered under Section 11B(2) read with Section 15G of the SEBI Act.
- The investigation period covered trading from January 28, 2021, to August 20, 2021.
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Document details
| Official title | Order in the matter of alleged insider trading in the scrip of Adani Green Energy Limited by Vinod Bahety and Others |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | — |
| Status | closed (order) |
| Year | 2025 |
| Closing date | — |
| Documents | 1 |