Indian regulators conscious of issues on Adani problem, finance minister says

NEW DELHI: Indian regulators are conscious of issues relating to the Adani Group conglomerate, the finance minister stated on Saturday, responding to feedback by the Supreme Court docket relating to the necessity for investor safety.

The regulators had been skilled and seized of the matter, Nirmala Sitharaman advised reporters after assembly the central financial institution’s administrators in New Delhi, the capital.

She declined to elaborate on what the federal government deliberate to inform the Supreme Court docket, nonetheless.

Adani group companies pledge shares for lenders of flagship firm: SBICAP Trustee

Investor pursuits should be protected, the courtroom had stated on Friday, after listening to two circumstances about massive investor losses following a report by a U.S. quick vendor on the Adani group.