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    Adani Total Gas, Adani Transmission to move to long term ASM Stage-1 framework from Monday

    Synopsis

    Indiabulls Enterprises Ltd is another stock that will move from Stage II to Stage I of the long term ASM framework.

    Gautam Adani stock rout puts spotlight on billions flowing through MauritiusANI
    Adani group has denied all allegations by Hindenburg Research group.
    New Delhi: Leading bourses NSE and BSE on Friday said Adani Total Gas and Adani Transmission will move to the first stage of the long term additional surveillance measure framework from March 27. On March 10, both exchanges put the two companies under the second stage of the long-term Additional Surveillance Measure (ASM) framework.

    In two separate circulars, the bourses said these securities will continue in the framework but will be moved from respective lower stage ASM from March 27.

    Indiabulls Enterprises Ltd is another stock that will move from Stage II to Stage I of the long term ASM framework.

    Meanwhile, stocks of seven Adani group companies out of the ten-listed entities ended the day in the negative territory on Friday amid a weak trend in the broader market.

    At the close of the session, seven group firms were traded in the red and three with the gains.

    The group stocks have taken a beating on the exchanges since the report by US-based short-seller Hindenburg Research came in January this year.

    The report had made a litany of allegations, including fraudulent transactions and share-price manipulation, against it.

    The group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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