NSE, BSE drop NDTV from short-term ASM framework

National Stock Exchange (NSE) and Bombay Stock Exchange BSE will remove the securities of NDTV, an Adani group company, from the short-term ASM framework from Wednesday.

Last month, both exchanges put the securities of NDTV under the short-term additional surveillance measure (ASM) framework.

New Delhi Television Ltd (NDTV) security moving out of the short-term ASM framework effective June 7, according to two separate circulars available on the National Stock Exchange (NSE) and BSE.

Shares of NDTV fell nearly 1 per cent to close at ₹236.45 apiece on the BSE.

US short-seller Hindenburg Research in January released a damning report alleging accounting fraud and stock price manipulation at Adani Group, triggering a stock market rout that had erased about $145 billion in the conglomerate's market value at its lowest point.

Adani Group has denied all allegations by Hindenburg and is plotting a comeback strategy.

• Also read: Hindenburg-inflicted losses still weigh heavily on Adani Stocks