NSE, BSE to remove Adani Enterprises’ securities from short-term ASM framework from Friday
Published Date – 07:20 AM, Fri – 2 June 23
NSE, BSE to remove Adani Enterprises’ securities from short-term ASM framework from Friday
New Delhi: The National Stock Exchange (NSE) and BSE will remove Adani Enterprises’ securities from the short-term ASM framework starting Friday.
On 24 May, both exchanges placed Adani Enterprises under the short-term Additional Supervisory Measures (ASM) framework.
Securities of Adani Enterprises will be excluded from the short-term ASM framework effective June 2, the NSE and BSE said in two separate circulars on Thursday.
The BSE and NSE placed shares of Adani Group company NDTV under the short-term ASM framework on Monday.
Shares of Adani Enterprises fell 0.08 percent to close at Rs 2,492.25 apiece on the BSE.
US short-seller Hindenburg Research filed fraud and stock manipulation charges against Adani Group in its Jan. 24 report. The group has denied all allegations.
However, a panel appointed by the Supreme Court found no evidence that the conglomerate had manipulated share prices.
