Indian regulator said it’s placing extra surveillance measures after more than $100 billion in Adani Group losses


India’s stock market regulator over the weekend said it devote extra attention to surveillance after the sell-off in Adani Group companies that has swelled to more than $100 billion in market cap losses.

The Securities and Exchange Board of India, or SEBI, issued a statement to reassure the markets that it has addressed the stock volatility from companies linked to Indian conglomerate the Adani Group, with a set of new surveillance measures.

In a statement posted on Saturday, SEBI said in light of “unusual price movement in the stocks of a business conglomerate”, it would place publicly available surveillance measures to address excessive volatility in certain stocks.

“SEBI is committed to ensuring market integrity and to ensuring that the markets continue to have the appropriate structural strength to function in an uninterrupted, transparent and efficient manner as has been the case so far,” the regulator added.

That follows the move on Friday by the National Exchange of India and Mumbai Stock Exchange to put three Adani-linked companies under a short term additional surveillance measure (ASM) framework – Adani Enterprises
Adani Ports and Special Economic Zone

and Ambuja Cements

“The shortlisting of securities under ASM is purely on account of market surveillance and it should not be construed as an adverse action against the concerned company/entity,” said the National Exchange of India in a statement on Thursday. It added that trading on the above stocks may require 100% upfront margin, effective from Monday.

Shares in Adani’s flagship firm Adani Enterprises slipped 1% on Monday.

Adani stocks have seen extraordinary volatility in the last week since U.S. short seller Hindenburg Research published a report alleging fraud and stock manipulation. The Adani Group’s losses have ballooned to $113 billion since the report.

Read: TotalEnergies reveals $3.1 billion exposure to Adani


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Jacob Keiter is a husband, a writer, a journalist, a musician, and a business owner. His journey to becoming a writer was one that was paved with challenges, but ultimately led him to find his true calling. Jacob's early years were marked by a strong desire for creative expression. He was always drawn to music, and in his youth, he played in several bands, chasing the elusive promise of fame and success. However, despite his best efforts, Jacob struggled to find the recognition he craved. It wasn't until he hit a low point in his life that Jacob discovered his love for writing. He turned to writing as a form of therapy during a particularly difficult time, and found that it not only helped him to cope with his struggles, but also allowed him to express himself in a way that he had never been able to before. Jacob's writing skills quickly caught the attention of others, and he soon found himself working as a journalist for The Sun out of Hummelstown. From there, he went on to contribute to a variety of publications, including the American Bee Journal and Referee Magazine. Jacob's writing style is reflective of traditional journalism, but he also infuses his work with a unique voice that sets him apart from others in his field. Despite his success as a writer, Jacob also owns another business, JJ Auto & Home, which specializes in cleaning. Jacob's commitment to excellence is evident in all of his endeavors, whether it be in his writing or in his business ventures. Today, Jacob is the author of two books and continues to inspire others through his writing. His journey to becoming a writer serves as a reminder that sometimes our darkest moments can lead us to our greatest achievements.

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