Indian regulators aware of concerns on Adani Group issue, says Sitharaman

Nirmala Sitharaman told reporters after meeting the central bank's directors in New Delhi, the capital

Finance Minister Nirmala Sitharaman
Finance Minister Nirmala Sitharaman
Reuters NEW DELHI
1 min read Last Updated : Feb 11 2023 | 1:41 PM IST

Indian regulators are aware of concerns regarding the Adani Group conglomerate, the finance minister said on Saturday, responding to comments by the Supreme Court regarding the need for investor protection.

The regulators were experienced and seized of the matter,

Nirmala Sitharaman told reporters after meeting the central bank's directors in New Delhi, the capital.

She declined to elaborate on what the government planned to tell the Supreme Court, however.

Investor interests need to be protected, the court had said on Friday, after hearing two cases about large investor losses following a report by a U.S. short seller on the Adani group.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Nirmala SitharamanAdani GroupSupreme CourtRBI

First Published: Feb 11 2023 | 1:41 PM IST

Next Story