NSDL freezes 3 foreign funds with ₹435 billion investment in Adani group, says media report

Adani group shares fall between 5% to 18%.

Shares of Adani group companies fell between 5% and 18% on Monday, after the Economic Times reported the National Securities Depository Ltd (NSDL) had frozen the accounts of three foreign funds, which have a total investment of 435 billion rupees in Adani group companies.

Adani Enterprises and Nifty 50-listed Adani Ports and Special Economic Zone were the top losers, falling over 15% each.

The report said, citing an official, that the NSDL’s move could be because of inadequate beneficial ownership documentation.

Crime Today News | Business


Source

CrimeTodayNews

Crime Today News is an online news website that conveys the data you have to know. We will likely transform information into data and data into understanding.

Related Posts