New Delhi, Jun 6 (PTI) Leading bourses NSE and BSE will remove the securities of NDTV, an Adani group company, from the short-term ASM framework from Wednesday.

Last month, both exchanges put the securities of NDTV under the short-term additional surveillance measure (ASM) framework.

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New Delhi Television Ltd (NDTV) security moving out of the short-term ASM framework effective June 7, according to two separate circulars available on the National Stock Exchange (NSE) and BSE.

Shares of NDTV fell nearly 1 per cent to close at Rs 236.45 apiece on the BSE.

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US short-seller Hindenburg Research in January released a damning report alleging accounting fraud and stock price manipulation at Adani Group, triggering a stock market rout that had erased about USD 145 billion in the conglomerate's market value at its lowest point.

Adani Group has denied all allegations by Hindenburg and is plotting a comeback strategy.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)