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Adani shares fall on report India securities depository froze foreign funds’ accounts – Times of India


BENGALURU: Shares of Adani group companies fell between 5% and 18% on Monday, after the Economic Times reported that the National Securities Depository Ltd (NSDL) had frozen the accounts of three foreign funds, which have a total investment of Rs 43,500 crore 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.





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