: At the beginning of the new year, since the report of Hindenburg Research (Hindenburg Research) came out in the beginning of the new year, the commotion has started in Adani Group (Adani Group). Not only that, but this report has practically become a nightmare for the entire organization. Shares of Adani group companies have seen a steep fall since the Hindenburg report.
Besides, the market value of the Adani Group as a whole has almost halved. At the same time, investors have also faced huge losses. In this situation, Adani Group has also decided to cancel the FPO of its company Adani Enterprises. In this situation, SEBI (Securities and Exchange Board of India) has given its opinion by breaking the silence in view of this incident.
What SEBI said: Essentially, SEBI said in reference to Adani Group that it is committed to maintaining fairness, efficiency and strong fundamentals in the market. Besides, they also ensure that the stock market functions in a smooth, transparent, efficient manner. As it still does.
Stock market: Let us inform in this context that for the last one week, there has been a lot of ups and downs in the shares of various companies of Adani Group. In this regard, SEBI informed that abnormal fluctuations were observed in the share price of a business group last week. Special stocks have all the necessary measures to deal with extreme volatility for smooth and efficient functioning of the market.
Adani Group: Regarding the fall in Adani Group shares, SEBI said, after all specific incidents come to its notice, SEBI examines them and takes appropriate action. It may be noted that the Hindenburg Report has alleged fraud against the Adani Group. Since then shares of Adani group companies have been falling steadily.