Sebi board likely to take up Adani stock rout at its meet this week

Finance minister Nirmala Sitharaman to address Sebi board as a part of customary practice after presenting the Budget

Union Finance Minister Nirmala Sitharaman’s customary post-Budget meeting with the Securities and Exchange Board of India (Sebi) — on February 15 — is likely to touch upon the recent rout in shares of the Adani group, said two people in the know. The minister will address Sebi’s board on the same day.

Sebi’s board is also likely to apprise the minister of the regulatory framework, its surveillance mechanism, and whether the mechanism is robust enough to tackle market manipulation.

“The norms relating to foreign money coming to India by using offshore tax havens and safeguards for investor protection could also