Adani Green Energy put under second stage of longterm ASM framework from today

Indian stock exchanges NSE and BSE have informed that Adani enterprises' energy production arm Adani Green Energy put under the second stage of the long-term additional surveillance measure (ASM) framework from Tuesday.

In two separate circulars, the bourses said Adani Green Energy shall continue in the ASM framework but will be moved to the respective higher stage from March 28.

The move also comes after the two bourses put Adani Total Gas and Adani Transmission from the second stage of the long-term ASM framework to Stage-I on Friday last week. On March 17, both exchanges had put Adani Green Energy and NDTV under the first stage of the long-term ASM framework. 

However, all the 10 listed firms of the Adani group on Monday ended the session in red basket including Adani Power, Adani Transmission, Adani Wilmar and Adani Total Gas each fell nearly by 5 per cent on Monday.

Further, on Tuesday as well, all 10 listed Adani Group stocks were trading in the negative territory with four of them, Adani Power, Adani Transmission, Adani Green and Adani Total Gas hit 5% lower circuits each.