Adani Transmission: Increase in trading volume “purely market-driven”: Adani Transmission

Adani Transmission said the increase in trading volume/price of the shares was purely market driven. The management has no information that could have an impact on the increase in the share volume and which has not yet been disclosed to the stock exchange.

“If there is a development that requires disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we will do so in accordance with regulatory requirements,” it said.

Adani Transmission shares closed BSE down 4.87 per cent at Rs 919.85 a share.

Shares of the Adani Group’s listed companies took a hit on stock markets after Hindenburg Research leveled a series of allegations, including fraudulent transactions and share price manipulation, against the corporate conglomerate.

However, the conglomerate has dismissed the allegations as lies and said it abides by all laws and disclosure requirements.