NSE puts some Adani firms under ASM framework amid stock rout

The move by the stock exchange comes after a rout in the shares of the billionaire Gautam Adani's group companies in the aftermath of a scathing report by a U.S. short seller.

India's National Stock Exchange on Thursday placed Adani Enterprises, Adani Ports and Ambuja Cements under additional surveillance mechanism that will require 100% margin to trade in their shares.

Gautam Adani, billionaire and chairman of Adani Group, during an event at the Port of Haifa in Haifa, Israel, on Tuesday, Jan. 31, 2023. (Bloomberg)

The move by the stock exchange comes after a rout in the shares of the billionaire Gautam Adani's group companies in the aftermath of a scathing report by a U.S. short seller.