Adani Ports, Jet Airways among scores of firms penalised by exchanges

NSE, BSE take action against firms that failed to comply with listing regulations

The National Stock Exchange (NSE) and the BSE on Wednesday cracked the whip on several listed firm that had failed to comply with the listing regulation. Among the companies that were penalised included Adani Ports and Special Economic Zone, which is part of the benchmark Nifty index; beleaguered firms Jet Airways and IL&FS Engineering and Construction Company; and over a dozen state-owned entities including Bharat Petroleum Corporation, MOIL and SJVN.

The exchanges imposed fine between Rs 100 and Rs 450,000 on these firms for breach of different listing regulations. Market experts said while the fine amount paltry, the exchange action will