NSE, BSE placed Adani Green Energy in the second phase of the long-term ASM framework from March 28


That is what the leading exchanges NSE and BSE have said Adani green energy will be placed under the second phase of the additional long-term supervisory measures (ASM) framework from Tuesday. In two separate circulars, the exchanges said Adani Green Energy continues in the ASM framework, but will be moved to the respective higher stage from March 28.

The move also comes close to the two exchanges that two group companies Adani Total Gas and Adani Transmission moved from the second phase of the long-term ASM framework to Phase I on Friday.

On March 17, both exchanges posted Adani Green Energy and NDTV under the first phase of the long-term ASM framework.

Meanwhile, all 10 listed firms of the Adani group ended the day in negative territory on Monday, with Adani powerAdani Transmission, Adani Wilmar and Adani Total Gas each fell nearly 5 percent.

Many of the group firms hit their lower circuit limits during the day.

Shares of the Adani group have taken a beating on the stock markets since a report from a US-based short-seller Hindenburg investigation appeared in January of this year.

The report had made a litany of allegations, including fraudulent transactions and stock price manipulation.

The Adani group has dismissed the allegations as lies and says it complies with all laws and disclosure requirements.