Adani Group stocks broadly in red after NSDL clarifies status on 3 frozen accounts

NSDL stated that only GDR accounts of Abula Investments, APMS Investment and Cresta Fund — 3 foreign portfolio investors that hold stakes in Adani Group companies are frozen.

Jul 29, 2021 04:07 IST India Infoline News Service

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Adani Group stocks closed broadly in red on Thursday after the National Securities Depository Ltd (NSDL) has clarified about three frozen accounts of the Group that were linked as FPIs.

On Sensex, Adani Enterprises ended flat at Rs1401.40 per piece. While Adani Ports closed at Rs660.10 per piece down by 0.8%. Adani Transmission dipped by 0.5%, while Adani Power and Adani Total slipped over 1% each. Adani Green Energy dived nearly 3% on the closing.

In the latest clarification, NSDL stated that only GDR accounts of Abula Investments, APMS Investment and Cresta Fund — 3 foreign portfolio investors that hold stakes in Adani Group companies are frozen.

The announcement was made on Wednesday and the Group's stocks surged up to 4%. However, these stocks pulled back from their previous gains today.

The Global Depository Receipts (GDR) accounts of Abula Investments, APMS Investment and Cresta Fund are not the alone FPIs were among the 9,425 frozen accounts.

Adani Group stocks were in a steep selloff it was said that NSDL froze the accounts of three foreign funds that have investments in the Adani Group companies.

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