India’s NSE lowers price band on two Adani firms

(Reuters) -Indian bourse National Stock Exchange of India (NSE) has revised the circuit limits of Adani Green Energy Ltd and Adani Transmission Ltd to 5%, according to data on its website on Monday.

The NSE had revised the price bands of both companies to 10% from 20% last week.

Stock exchanges set the circuit limits to prevent large movements in the price of stocks in a very short time.

(Reporting by Anirudh Saligrama in Bengaluru; Editing by Krishna Chandra Eluri)

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