Electric energy transmission pylon miniatures and Adani Green Energy emblem are seen on this illustration.
| Photo Credit: Reuters
Leading bourses NSE and BSE have mentioned that Adani Green Energy will likely be put underneath the second stage of the long-term further surveillance measure (ASM) framework from March 28.
In two separate circulars, the bourses mentioned Adani Green Energy shall proceed within the ASM framework however will likely be moved to the respective increased stage from March 28.
The transfer additionally comes shut on the heels of the 2 exchanges transferring two group corporations Adani Total Gas and Adani Transmission from the second stage of the long-term ASM framework to Stage-I on Friday.
On March 17, each exchanges put Adani Green Energy and NDTV underneath the primary stage of the long-term ASM framework.
Meanwhile, all the ten listed corporations of the Adani group on March 27 ended the day within the unfavourable territory, with Adani Power, Adani Transmission, Adani Wilmar and Adani Total Gas every falling almost 5 per cent.
Many of the group corporations hit their decrease circuit limits in the course of the day.
The Adani group shares have taken a beating on the exchanges since a report by U.S.-based short-seller Hindenburg Research was printed in January this 12 months.
The report had made a litany of allegations, together with fraudulent transactions and share-price manipulation, towards it.
The Adani group has dismissed the costs as lies, saying it complies with all legal guidelines and disclosure necessities.
Source: www.thehindu.com
