Adani Share Price: There has been an uproar in the Adani Group since the Hindenburg report came to the fore. There has been a massive decline in the shares of Adani Group companies since the Hindenburg report. Along with this, the market value of Adani Group has also fallen by almost half after this.
At the same time, investors have also suffered heavy losses. Apart from this, Adani Group had also cancelled the FPO of its company Adani Enterprises. Meanwhile, SEBI has broken the silence on Adani Group and has put forth its views on many matters.
Speaking On The Case Of SEBI
Adani Group, the market regulator Securities and Exchange Board of India (SEBI), has said it is committed to maintaining fairness, efficiency and strong fundamentals in the market. We are committed to ensuring that the stock market functions smoothly, transparently, and efficiently, as it has been doing so far.
Stock Market
Adani’s shares have seen a lot of upheaval in the last week. On this, SEBI said that in the previous week, abnormal fluctuations were observed in the price of shares of a business group. All monitoring arrangements are in place to deal with extreme volatility in particular stocks for smooth and efficient market functioning.
Adani Group
SEBI said on the decline in Adani’s shares that after all the specific cases come to its notice, SEBI examines them and takes appropriate action. Let us tell you that in the Hindenburg report, Adani Group was accused of fraud. Since then, there has been a massive decline in the shares of Adani Group companies.
