NSE, BSE Remove Adani Enterprises From Short-Term Surveillance
The exchanges had put the stock under short-term ASM on May 25.
The National Stock Exchange and the BSE will move Adani Enterprises Ltd., which was put under the short-term additional surveillance measure on May 25, out of the framework from Friday.
The Gautam Adani-led company saw its net profit more than double year-on-year during the quarter ended March 31, 2023. It posted a 137% rise year-on-year in profit at Rs 722.48 crore.
On May 13, the company announced plans to raise Rs 12,500 crore via a qualified institutional placement.
Shares of Adani Enterprises closed 0.11% higher at Rs 2,496 apiece on Thursday even as the benchmark NSE Nifty 50 declined 0.25% to 18,487.75.
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