NSE, BSE to put 2 Adani firms under surveillance measures framework

Leading bourses NSE and BSE on Friday said two Adani Group firms -- Adani Transmission and Adani Total Gas -- will be put under the second stage of the long term additional surveillance measures framework.

This will be effective from March 13, according to separate circulars.

The move also comes close on the heels of the two exchanges putting Adani Enterprises, Adani Power and Adani Wilmar under the short-term additional surveillance measure (ASM) framework Stage - I from March 9.

The bourses had also put NDTV and Adani Green Energy under the long term ASM framework Stage - II.

The parameters for shortlisting securities under Additional Surveillance Measures (ASM) include high-low variation, client concentration, number of price band hits, close to close price variation and price earning ratio.

The NSE and BSE said these companies have satisfied the criteria for inclusion under long term additional surveillance measures (Long Term - ASM).

Applicable rate of margin shall be 100 pe