Electric power transmission pylon miniature and Adani Green Energy logo can be seen in this illustration. , Photo Credit: Reuters
Major bourses NSE and BSE have said that Adani Green Energy will be placed under the second phase of long-term Additional Monitoring Measures (ASM) framework with effect from March 28.
In two separate circulars, the exchanges said Adani Green Energy will remain in the ASM framework but will move to the respective higher level from March 28.
The move comes close to the two exchanges moving two group firms Adani Total Gas and Adani Transmission from Phase II to Phase I of the long-term ASM framework on Friday.
On March 17, both the exchanges placed Adani Green Energy and NDTV under the first phase of long-term ASM framework.
Meanwhile, all 10 listed firms of the Adani group ended the day in the negative territory on March 27, with Adani Power, Adani Transmission, Adani Wilmar and Adani Total Gas falling around 5 per cent each.
Several firms in the group crossed their lower circuit limits during the day.
Adani Group shares have outperformed the exchanges since a report by US-based short-seller Hindenburg Research was published in January this year.
The report made several allegations against it, including fraudulent transactions and share-price manipulation.
The Adani Group has dismissed the allegations as false, adding that it complies with all laws and disclosure requirements.