“Unusual Price Movement In Stocks Of Business Conglomerate”: SEBI

The capital markets regulator Securities and Exchange Board of India (SEBI) has said it has observed “unusual price movement in stocks of a business conglomerate” in the past week amid the Adani stocks rout.

“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,” SEBI said in a statement today.