NSE and BSE to remove Adani Ent from short-term ASM framework

The National Stock Exchange (NSE) and BSE on Monday announced that Adani Enterprises will move out from the short-term additional surveillance measure (ASM) framework. The move comes into effect from March 8, according to the circular available with the exchanges.

Last month, both the NSE and BSE had put three Adani Group companies under the short-term additional surveillance measure framework. Apart from Adani Enterprises, the other two firms listed by the exchanges were - Adani Ports and Special Economic Zone (APSEZ) and Ambuja Cements. However, APSEZ and Ambuja Cements were removed from the ASM framework on February 13.