Securities and Exchange Board of India (SEBI) has given a big statement on the Adani case. The stock market regulator said that it is committed to maintaining fairness in the market and its strong fundamentals in the market.
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Securities and Exchange Board of India (SEBI) has given a big statement on the Adani case. The stock market regulator said that it is committed to maintaining fairness in the market and its strong fundamentals in the market. Sobi said that he is committed to ensure that the stock market functions without any hindrance, in a transparent, efficient manner, as it has been doing so far.
SEBI said on the decline in Adani shares that during the last week, abnormal fluctuations have been observed in the price of shares of a business group. The market watchdog said that for the smooth and efficient functioning of the market, all monitoring arrangements are in place to deal with excessive volatility in any particular stock. He said in the statement that after coming to the notice of all the special cases, SEBI investigates them and takes appropriate action.
According to PTI, the officials confirmed that this statement has been issued in view of the Adani case only. The Securities and Exchange Board of India said in a statement that SEBI, under its regulations, seeks to maintain the orderly and efficient functioning of the market. It said that well-defined, publicly available monitoring measures (including the ASM framework) are in place to deal with high volatility in a particular stock.
According to the statement, this system gets activated automatically under certain conditions when there is a fluctuation in the prices of any share.
This story is being updated…
