The company said that this news has been spread deliberately to mislead the investors.
The group has clarified on the reports of NSDL freezing the accounts of three FPIs investing more than Rs 43,500 crore in four companies of Adani Group.
New Delhi. Adani Group has completely denied the reports of freezing of accounts of three Foreign Portfolio Investors (FPIs) by National Securities Depository Limited (NSDL). Adani Ports and Special Economic Zone said that the news of account blocking of all three FPIs is completely false. The company said that this news has been spread deliberately to mislead the investors and due to this false news the company has suffered huge financial loss along with the investors. However, despite this statement of the company, NSDL data is showing that the accounts of 3 FPIs of Mauritius investing in Adani Group companies are frozen.
News coming to close these FPIs
According to reports, accounts of three Foreign Portfolio Investors (FPIs) holding shares worth Rs 43,500 crore in four Adani Group companies have been blocked. These FPIs are Albula Investment Fund, Cresta Fund and APMS Investment Fund. Their accounts were frozen before that on May 31.
Albula Investment Fund said – the account is operationalHowever, as reported by CNBC-TV18, Albula Investment Fund said that NSDL has not frozen its accounts and its account is fully operational.
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After the news, there was a tremendous fall in the shares of Adani Group companies.
According to the news of ET, NSDL has banned the buying and selling of securities on all three funds. Since the arrival of this news, there has been a tremendous decline in the shares of Adani Group companies. These three foreign funds hold 6.82% stake in Adani Enterprises. Whereas, Adani Transmission holds 8.03%, Adani Total Gas holds 5.92% and Adani Green holds 3.58%. After this news, there was a strong fall in the shares of Adani Group in today’s business, due to which their market cap has declined by about 10 percent i.e. Rs 1.03 lakh crore including all the shares of the group.