Leading bourses BSE and NSE on Friday said that three Adani group companies — Adani Total Gas, Adani Transmission and Adani Green Energy — will move out of the ASM framework from May 15.
On March 24, both the bourses had moved Adani Total Gas and Adani Transmission from second to the first stage of the long-term Additional Surveillance Measure (ASM) framework.
Last month, the exchanges had also moved Adani Green Energy to first stage of long-term ASM framework.
The stocks will be excluded from ASM framework effective May 15, according to two separate circulars available on the BSE and NSE websites.
PC Jeweller is also another stock that was excluded from the ASM framework.
On Thursday, MSCI announced that two Adani group companies — Adani Total Gas and Adani Transmission — will move out of the MSCI India Index with effect from May 31.
MSCI Global Standard Index is widely used by global fund houses for benchmarking global equities portfolios.
US short-seller Hindenburg Resear
Posts in category Business Standard
BSE, NSE to remove 3 Adani Group stocks from ASM framework on Monday (12-05-2023)
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Sebi cancels Bharat Bhushan Finance and Commodity Brokers registration (12-05-2023)
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In addition, the regulator has asked the broker to allow its existing clients to withdraw or transfer their securities or funds held in its custody within 15 days.
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US shares were set to drift higher with Dow futures up 0.4 per cent to 33,507.00. S&P 500 futures added 0.4 per cent to 4,160.50. Oil prices fell while currencies traded in a narrow range.
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