NSE, BSE drop NDTV from short-term ASM framework

National Stock Exchange (NSE) And Bombay Stock Exchange BSE will remove The stock of NDTV, an Adani Group company, of the short-term ASM framework from Wednesday.

Last month , Both exchanges placed NDTV’s securities under an Additional Short-Term Monitoring Measure (ASM).

New Delhi Television Ltd (NDTV) security is coming out of the short-term ASM framework from June 7, according to two separate circulars available on the National Stock Exchange (NSE) and BSE.

NDTV shares fell nearly 1 percent to close at ₹236.45 per share on BSE.

US short seller Hindenburg Research in January released a damning report alleging accounting fraud and share price manipulation in the Adani Group, which led to a stock market crash that wiped out about $145 billion from the conglomerate’s market value at its lowest point.

The Adani Group has denied all of Hindenburg’s allegations and is planning a comeback strategy.