BSE, NSE remove NDTV. Adani Group firm from ASM framework from Monday

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Major exchanges BSE and NSE said on Friday that NDTV, an Adani Group company, will exit the ASM framework from May 22.

On March 17, both exchanges moved NDTV from the second stage to the first stage of the Additional Long-Term Monitoring Measures (ASM) framework.

The stock will be excluded from the ASM framework from 22 May, according to two separate circulars available on the BSE and NSE websites.

Last week, both stock exchanges gave exits of three Adani Group stocks – Adani Total Gas, Adani Transmission and Adani Green Energy – from the ASM framework.

Hindenburg Research, a US short-selling firm, in its January 24 report made allegations of fraud and stock manipulation against the Adani Group, however, the group has repeatedly denied all allegations.

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First published: May 19, 2023 | 10:31 p.m ist