Adani Enterprises To Exit Short-Term ASM Framework On NSE And BSE

The securities of Adani Enterprises will be removed from the short-term ASM framework by the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on Friday.

Adani Enterprises was placed on the short-term additional surveillance measure (ASM) framework on May 24 by both bourses.

Adani Enterprises' securities would be removed from the NSE and BSE's short-term ASM framework as of June 2, according to two separate circulars issued on Thursday.

The BSE and NSE added NDTV, an Adani Group firm, to the short-term ASM framework on Monday.

Adani Enterprises' shares declined 0.08 percent to settle at Rs 2,492.25 on the BSE. Hindenburg Research, a US short seller, accused the Adani group of fraud and stock manipulation in a report issued on January 24.

All of the charges have been refuted by the corporation. However, a Supreme Court-appointed panel found no evidence of stock price manipulation among the group's enterprises.