NDTV shares on Tuesday jumped 5 per cent in early commerce, to hit the higher circuit after the BSE and the Nationwide Inventory Trade (NSE) mentioned that they’re placing securities of the Adani group firm underneath a short-term stage-1 ASM framework.
On the time of writing, NDTV’s shares have been locked within the higher circuit on BSE, up 4.98 per cent at Rs 249.65.
Main inventory exchanges NSE and BSE late on Monday mentioned that they may put securities of New Delhi Tv Ltd (NDTV) underneath the short-term ASM framework from right this moment, i.e., Might 30.
NDTV is shortlisted within the short-term Extra Surveillance Measure (ASM) framework Stage-I efficient from Might 30, the NSE and BSE mentioned in two separate circulars.
This comes after the 2 exchanges had put Adani group’s flagship agency Adani Enterprises underneath the short-term ASM framework from Might 25.
BSE and NSE had final week eliminated NDTV from the long-term ASM framework.
Adani group has witnessed a rout of over $100 billion since late January after US short-seller Hindenburg Analysis in a report mentioned that the conglomerate was concerned in inventory market manipulation and accounting fraud over the course of a long time.
The group has denied all of the allegations levied towards it, and a committee appointed by the Supreme Court docket earlier this month mentioned that they’ve discovered no proof of inventory worth manipulation within the group firms.
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