Leading Indian stock exchanges NSE and BSE are taking NDTV, an Adani group company, off the short-term additional surveillance measure (ASM) framework from today. The move comes after the securities of NDTV were added to the ASM last month due to concerns over accounting fraud and stock price manipulation. NDTV shares fell 1% to close at Rs 236.45 apiece on the BSE. The allegations against Adani Group were made by US short-seller Hindenburg Research in January, which triggered a massive stock market rout wiping out around $145 bn from the conglomerate’s market value. Adani Group has denied all allegations by Hindenburg.
NSE, BSE Remove NDTV from Short-term ASM Framework
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