New Delhi, Mar 16 (PTI) Vinod Adani, the little known elder brother of Adani group founder Gautam Adani, is part of the promoter group, the conglomerate has said after questions were raised about his status following short seller Hindenburg Research naming him prominently in its scathing report on the Adani group.

"We would like to submit that Gautam Adani and Rajesh Adani are individual promoters of various listed entities within the Adani group and Vinod Adani is an immediate relative of the individual promoters," the group's flagship Adani Enterprises said in a stock exchange filing on Thursday.

Accordingly, as per the applicable Indian regulations, "Vinod Adani is part of the 'promoter group' of various listed entities within the Adani group." In response to Hindenburg questioning the role of Vinod Adani, 74, in the Adani group where it alleged "brazen stock manipulation and accounting fraud" and use of offshore shell companies to inflate stock prices, the apples-to-airport conglomerate had in January said that "Vinod Adani does not hold any managerial position in Adani listed entities or their subsidiaries and has no role in their day to day affairs." "We reiterate that any transactions by the Adani portfolio companies with any related party have been duly identified and disclosed as related party transactions in compliance with Indian laws and standard and have been carried out on arm's length terms," it had said.