NSE fines Jet Airways for non-compliance with listing norms

The NSE has imposed a ₹4.15-lakh fine on Jet Airways after the grounded airline failed to comply with listing norms for the March quarter. The stock exchange has also penalised around 250 other companies including Adani Ports and two IL&FS group firms. As per SEBI norms, exchanges can freeze promoter shareholding and even delist shares of such defaulting companies.