Sebi, exchanges in a huddle after sharp slide in stock prices of companies

The Securities and Exchange Board of India (Sebi) and stock exchanges have got into a huddle amid a sharp slide in stock prices of firms that belong to front-line groups.

People in the know say Sebi and exchange officials have held meetings to discuss the regulatory framework pertaining to stock price movements, additional disclosures, governance standards, and surveillance systems. The markets regulator has asked exchanges to raise the guard to ensure market manipulators do not take advantage of the situation.

The move comes amid unprecedented intra-day slide in shares of companies in the Anil Ambani, Adani, and Essel groups. In