SEBI is scheduled to meet Finance Minister Nirmala Sitharaman on February 15. File
India’s market regulator will present an update on its investigations into the Adani Group’s withdrawn follow-on public problem this week, two sources aware of the matter mentioned on February 13.
The board of the Securities and Exchange Board of India (SEBI) is scheduled to meet Finance Minister Nirmala Sitharaman on February 15, the sources mentioned, talking on situation of anonymity as they don’t seem to be allowed to converse to the media.
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SEBI’s board will temporary the Finance Minister on surveillance measures taken by the regulator throughout the current rout in Adani Group shares, the sources mentioned.
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The Indian conglomerate’s listed entities have misplaced greater than $100 billion in market worth since a scathing report by a U.S. brief vendor in late January.
An update on investigations into offshore fund flows into Adani Group entities can also be possible, the sources added.
SEBI didn’t reply instantly to a Reuters electronic mail for remark.
