SEBI has issued a statement in this matter. SEBI has said that it is committed to ensure the integrity of the stock market and all necessary monitoring. All necessary steps are being taken to prevent excessive volatility in any stock. Although the name of Adani Group was not taken in the statement issued by the market regulator. Last week, there was a lot of ups and downs in the shares of Adani, the country’s largest business group. This statement of SEBI came after the statement of the Reserve Bank of India ie RBI, in which, while addressing the concerns of the lenders, it has been said that the country’s banking system remains flexible and stable.
Here, Finance Minister Nirmala Sitharaman said on Saturday that the withdrawal of Adani Group’s Rs 20,000 crore FPO (FPO) has not affected the country’s macroeconomic fundamentals and the image of the economy. Addressing a post-budget press conference here, the Finance Minister said foreign exchange worth US $8 billion has arrived in the last two days alone. Sitharaman told reporters, “…our macroeconomic fundamentals or the image of our economy, none of these have been affected.” Yes, FPOs (follow-on public offers) keep coming in and FIIs keep going out. He said the regulators will do their job in the Adani case.
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