India's regulators seized of the matter, always on their toes; finance minister on Adani Group crisis

Union Finance Minister Nirmala Sitharaman on Saturday said India’s regulators are well-equipped to handle the situation that has arisen following a report by US-based short seller Hindenburg Research.

"India's regulators are very experienced and they are experts in their domain. Regulators are very seized of this matter. They are on their toes as always, not just now. So I will leave it there," Sitharaman said.

The finance minister was addressing the media after the Reserve Bank of India's central board of directors meeting in Mumbai.

Sitharaman's comments come a day after the top court sought views of the Centre and market regulator SEBI on PILs alleging exploitation of investors and artificial crashing of the Adani Group's stocks.

The next hearing on the matter will be on February 13