SEBI On Adani Group: The group of world’s leading businessman Gautam Adani has faced huge losses in just a few days. Shares of Adani’s three companies have fallen drastically since the Hindenburg Report. Due to this, the market value of Adani Group has also fallen drastically. Along with this, the investors have also suffered huge losses. Today the Securities and Exchange Board of India (SEBI) has issued its statement on this matter. Know what SEBI has…
Will not allow messing with the market
On the matter of market decline, SEBI says that it is committed to maintain fairness, efficiency and its strong fundamentals in the market. SEBI has spoken without taking the name of Adani Group. SEBI said that, we are committed to ensure that the stock market functions in a seamless, transparent, efficient manner, as has been happening so far. Also, no messing with the investors will be allowed in the market.
Turmoil in the shares of a business group
SEBI said that during the last week, there has been an unusual fluctuation in the price of shares of a business group. All monitoring arrangements are in place to deal with extreme volatility in particular stocks for smooth and efficient functioning of the market. SEBI also said that after all the specific cases come to its notice, SEBI examines them and takes appropriate action. It is known that within 7 days, there has been a lot of upheaval in the shares of Adani Group.
RBI gave a statement
The Reserve Bank of India (RBI) has issued a regulatory statement of the banking sector on loans given by Indian banks of the Adani group. RBI says that, being the regulator and supervisor of banks, RBI continuously monitors the entire banking sector and each bank, so that financial stability is maintained.
what is the whole matter
Adani Group was accused of fraud in a report by America’s Hindenburg Agency. Since then, there has been a huge decline in the shares of Adani Group companies. Along with this, the market value of Adani Group has fallen considerably. Apart from this, Adani Group had also canceled the FPO of its company Adani Enterprises.
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