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NSE, BSE put Adani Green Energy under 2nd stage of longterm ASM framework

Energy,

Adani Green Energy will be included in the second phase of the long-term Additional Monitoring Measures (ASM) framework beginning on Tuesday, according to the leading stock exchanges NSE and BSE.

The exchanges announced in two separate circulars that Adani Green Energy would remain within the ASM framework but would transition to the appropriate higher levels on March 28.

The two exchanges are close to moving Adani Transmission and Adani Total Gas from Phase II of the long-term ASM framework to Phase I on Friday.

Adani Green Energy and NDTV were both included in the first phase of the long-term ASM framework on March 17 by both exchanges.

In the meantime, Adani Power, Adani Transmission, Adani Wilmar, and Adani Total Gas saw their respective shares of the Adani group’s ten listed companies end the day in the red on Monday.

Throughout the day, a number of the group’s businesses exceeded their lower circuit limits.

Since the publication of a report in January of this year by US short-seller Hindenburg Research, shares of Adani Group have outperformed the markets.

It was the subject of several allegations in the report, including manipulation of share prices and fraudulent transactions.

The Adani Gathering has excused the charges as bogus, adding that it follows all regulations and revelation prerequisites.

first distributed: 28 March 2023, 3:42 a.m.

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