The president of the National Securities Market Commission (CNMV), Carlos San Basilio, has indicated that the regulatory body is maintaining frequent contacts with both Indra and the State Industrial Participation Society (SEPI) about the current market conditions. He underscored the importance of transparency from all parties involved, especially as the company is undergoing significant scrutiny due to rumors regarding potential leadership changes. These changes involve the possible displacement of Ángel Escribano from the presidency, which has raised concerns among investors and led to declines in Indra's stock value.

On Tuesday, Indra’s stock fell sharply following speculation that SEPI may call for Escribano's resignation, a move that was not formally communicated to the market until Wednesday after trading had closed. This lack of communication has resulted in further stock declines, with the market reacting negatively to the uncertainty surrounding the company’s leadership. The heightened volatility is exacerbated by bearish positions taken by AQR Capital Management, which increased its holdings in Indra amidst these developments.

San Basilio refrained from commenting on decisions made by SEPI or any other investors, but emphasized the critical nature of transparency. His remarks reflect a growing concern within the financial community regarding corporate governance and the stability of Indra’s leadership. As the situation unfolds, both the CNMV and market participants are likely to closely monitor the actions of the government and the reactions of investors, which could have significant implications for Indra’s future performance in the market.