SEBI is scheduled to meet Finance Minister Nirmala Sitharaman on February 15. file
On February 13, two sources familiar with the matter said that India’s markets regulator would provide an update this week on its investigation into Adani Group’s withdrawn public issue.
The board of the Securities and Exchange Board of India (SEBI) is scheduled to meet Finance Minister Nirmala Sitharaman on February 15, the sources said, speaking on condition of anonymity as they are not allowed to speak to the media.
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Sources said Sebi’s board will brief the finance minister about the monitoring measures taken by the regulator during the recent fall in Adani Group shares.
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Listed entities of Indian conglomerates have lost over $100 billion in market value since a scathing report from a US short seller in late January.
There is also likely to be an update on the probe into offshore fund flows into Adani group entities, sources said.
Sebi did not immediately respond to an email from Reuters seeking comment.