- ALSO READ
Adani Group stocks sink up to 20%; CLSA sees limited risk to banks
Market regulator Sebi plans to streamline disclosure framework
Sebi approves Adani's open offer for 26% additional stake in NDTV
Sebi's front-running investigations rise even as overall cases dip
Sebi recovery rate less than 2% of Rs 99,490 cr claimed since 2013-14
-
In written answers (over which no debate was held) in the Lok Sabha, the government said it had not set up any committee to probe allegations by a short seller against Adani Group, but added that capital markets regulator Securities and Exchange Board of India (Sebi) is investigating market allegations against the group.
A separate investigation into imports of Indonesian coal by the conglomerate hasn’t reached finality, Minister of State for Finance Pankaj Chaudhary said.
To a separate question, Chaudhary said the nine listed companies forming part of Adani Group saw 60 per cent decline in market capitalisation from January 24 until March 1 after publication of the Hindenburg report.
On the allegations, he said Sebi, as the statutory regulator of securities markets, is mandated to put in place regulatory frameworks for effecting stable operations and development of the securities markets, including the protection of investors.
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.
Download the Business Standard App for latest Business News and Market News .
First Published: Mon, March 13 2023. 23:17 IST
RECOMMENDED FOR YOU