Sebi, the Indian capital markets regulator, has sought details from credit rating firms of all local securities and loans of the Adani group companies.
Last week, Sebi told ratings companies to share information including all outstanding ratings, outlook, as well as possible updates from discussions with the business group officials.
“Sebi is probably trying to ascertain whether the sharp fall in stock prices of several Adani companies would have any bearing on the liquidity positions and the debt repayment capability of the borrowing companies… Most of this information, however, is in public domain,” The Economic Times reported a person aware of the communication saying.
