Adani shares fall on report of NSDL freezing 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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