Indian authorities seek to calm investors after Adani sell-off

Indian authorities have sought to calm investors after a sell-off in the shares of Adani Group companies over fraud allegations added to volatility in the country’s stock market.

Without naming Adani, the Securities and Exchange Board of India (SEBI) said that it was aware of “unusual price movement in the stocks of a business conglomerate” and it would examine and take “appropriate” action “if any information comes to SEBI’s notice”.