Regulators very experienced ; seized of the matter: FM on Adani Group row

Finance Minister Nirmala Sitharaman on Saturday said the country’s regulators are very experienced and are seized of the matter relating to the Adani Group crisis.

The minister was replying to a question on the observations of the Supreme Court on public interest litigations (PILs) alleging exploitation of investors and “artificial crashing” of the Adani Group’s stocks.

“I will not disclose here what the government will be saying in the court…India’s regulators are very, very experienced and they are experts in their domain. The regulators are seized of this matter and they are on their toes as always, not just now,” she told reporters after her customary post-Budget address to the RBI’s board.