Adani Green Energy will be placed under the second phase of the long-term Additional Supervisory Measures (ASM) framework, the major exchanges NSE and BSE said, starting Tuesday.

The exchange said Adani Green Energy should remain within the ASM framework in two separate circulars but will move to a higher stage from March 28.

The move comes on the heels of the two exchanges moving two group companies, Adani Total Gas and Adani Transmission, from the second phase of the long-term ASM framework to the first phase on Friday.

On March 17, both exchanges placed Adani Green Energy and NDTV in the first phase of the long-term ASM framework.

Meanwhile, all 10 listed companies in the Adani Group closed in the red on Monday, with Adani Power, Adani Transmission, Adani Wilmar and Adani Total Gas down almost 5%.

Many group companies hit lower circuit limits during the day.

Adani Group shares have been hit hard on exchanges since the release of a report by US short-seller Hindenburg Research in January.

The report made a barrage of allegations, including fraudulent trading and stock price manipulation. Adani Group denies the allegations are lies, saying it complies with all legal and disclosure requirements.