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Measures in place to address excess volatility: Sebi on Adani crisis

Sebi on Saturday said that it is committed to ensuring the stock market's integrity

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A signage of Adani group. Pic/AFP

A signage of Adani group. Pic/AFP

Amid a raging controversy over a meltdown in Adani group stocks, regulator Sebi on Saturday said it is committed to ensuring the stock market's integrity and all necessary surveillance measures are in place to address any excessive volatility in individual shares.

Without naming the Adani group specifically, the capital markets watchdog said in a statement that unusual price movement in the stocks of a business conglomerate has been observed in the past week.

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