Adani Enterprises rose more than five percent on Monday following the NSE and BSE's announcement that it will no longer be subject to the ASM framework. Stocks of other listed Adani Group firms also gained, with the NSE and BSE citing regulatory compliance as the primary reason for the decision. The move comes as a welcome boost for Indian markets, as investors were optimistic about Adani's successful divestment from the ASM. Adani Group stocks surged last week after selling minority stakes in four listed companies to US-based GQG Partners for ₹15,446 crores.
