Business Standard

Friday, December 20, 2024 | 04:22 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

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

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.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

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

Explore News Home