Adani Enterprises share price: In yet another blow to the Adani Group, Adani Enterprises Limited is said to be removed from the Dow Jones Sustainability Indices. The change will come into effect from February 7.

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The development assumes significance as it comes in the backdrop of massive rout in the market valuation of the company following a report by New York-based short seller firm Hindenburg. The group's cumulative rout stands at $108 billion in a week -- one of the biggest wipeouts in India's history.

Earlier on Thursday, the National Stock Exchange (NSE) and BSE put three companies – Adani Enterprises, Adani Port and Ambuja Cement under Additional Surveillance Measure (ASM) framework, starting today.

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ASM is a type of monitoring which is done by market regulator Securities and Exchange Board of India (SEBI) and market exchange BSE/NSE. Its purpose is to protect the interests of the investors. Generally, stocks are put in ASM when heavy price action is seen due to manipulation or heavy trading in stocks.

So far, Adani group has backtracked from its plan to raise Rs 20,000-crore from Follow-on Public Offer (FPO) and announced it will return the proceeds to investors.

The group has also lost support from Credit Suisse and Citigroup. As per the report, Credit Suisse has given a zero-lending value to Adani Ports, Adani Green and Adani Electricity and close on the heels of Credit Suisse, CitiGroup has also reportedly nullified the lending value for the group. As of February 2, Citigroup's Wealth Unit has stopped giving margin loans on Adani Securities.

Adani Group has been in focus since Hindenburg in its report accused the Ahmedabad-based conglomerate of improper use of offshore tax havens and flagged concerns about the high debt and valuations.

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