Adani Group: Adani crisis will be seen in a special way! Repose trust in SEBI – mssewb.org

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Adani Group: Finance Minister Nirmala Sitharaman on Saturday said that the country’s regulators are very experienced and the matter related to the Adani group crisis will be looked into specifically. The minister said this while replying to a question on the Supreme Court’s observations on Public Interest Litigation (PIL) alleging exploitation of investors and “artificial collapse” of Adani Group stocks. “I won’t reveal here what the government will say in the court, but regulators in India are very, very experienced and they are experts in their field. Regulators have full focus on this matter,” he told reporters after his customary post-budget address to the RBI’s board.

Concerned about protecting the interests of Indian investors, the Supreme Court on Friday said it favors creating a stronger mechanism to regulate the stock market and views of the central government and market regulator SEBI on a PIL alleging exploitation of common investors and “artificial stock crash” by the Adani group. wanted A bench headed by Chief Justice DY Chandrachud asked Solicitor General Tushar Mehta to convey to the Securities and Exchange Board of India (SEBI) officials that it was not a “witch hunt scheme”.

The apex court sought information from the finance ministry and others on various issues. It also asks how to strengthen the regulatory framework to protect the interests of investors in markets where capital flows are uninterrupted in modern times. US-based business conglomerate Hindenburg Research faces multiple charges including fraudulent transactions and share-price manipulation. The Hindenburg Group dismissed the allegations as false. They also said it complies with all laws and disclosure requirements.

Some information about SEBI

The Securities and Exchange Board of India (SEBI) is the regulatory body for securities and commodity markets in India owned by the Ministry of Finance, Government of India. It was established as an executive body on 12 April 1988 and given statutory powers on 30 January 1992 through the SEBI Act, 1992.

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