The accounts of three foreign investors of Adani Group have been frozen by the NSDL

The National Securities Depository (NSDL) has frozen accounts of three foreign portfolio investors (FPIs) holding shares worth more than $ 43,500 in four Adani Group companies.

The FPIs are the Albula Investment Fund, the Cresta Fund and the APMS Investment Fund, reports The Economic Times, adding that these accounts were frozen “on or before May 31”.
The stocks of the Adani group companies hit the trade on the morning of June 14 following the news.

Also read : Toshiba wants to put two immigrants in the new board, holding the EGM

The news caused the blue-chip index NSE Nifty 50 to drop by 0.24% to 15,762.60 while the S&P BSE Sensex on the bench lost 0.13% to 52,396.98 by 0347 GMT, Reuters reported.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top