Congress questions SEBI inaction on Adani stocks

by: Sayantan Barua

National Stock Exchang

Congress questions SEBI inaction on Adani stocks

by: Sayantan Barua

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TW Newsdesk, March 18: The National Stock Exchange (NSE) has reportedly lifted additional surveillance on some Adani Group company stocks, the Congress claimed and asked why the Securities and Exchange Board of India (SEBI) is approving investors to take on added exposure to such stocks.

Even as global index providers such as MSCI, S&P Dow Jones and FTSE Russell reviewed the position of the Adani stocks in their equity indices, the NSE went the other way and included five Adani Group companies in no more than 14 indices beginning March 20, Congress general secretary Jairam Ramesh stated.

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