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Measures in place to address excess volatility: Sebi on Adani crisis

Sebi on Saturday said that it is committed to ensuring the stock market`s integrity

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A signage of Adani group. Pic/AFP

A signage of Adani group. Pic/AFP

Amid a raging controversy over a meltdown in Adani group stocks, regulator Sebi on Saturday said it is committed to ensuring the stock market`s integrity and all necessary surveillance measures are in place to address any excessive volatility in individual shares.

Without naming the Adani group specifically, the capital markets watchdog said in a statement that unusual price movement in the stocks of a business conglomerate has been observed in the past week.

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