17/10/2021

Tannochbrae

Built Business Tough

NSDL says no freeze on accounts of 3 FPIs holding Adani stocks: Report

Countrywide Securities Depository Ltd (NSDL) on Monday clarified that the standing of demat accounts of a few overseas portfolio buyers (FPI) accounts — Albula Financial investment Fund, Cresta Fund and APMS Financial investment Fund —- are in ‘active’ standing in NSDL program, Reuters claimed citing unnamed supply.

Seperately, CNBC TV18 has also claimed the similar info that the standing of accounts are active.

Studies of a freeze on the accounts despatched various Adani shares plummeting earlier on Monday prior to recovering marginally from lows soon after the team companies knowledgeable the inventory exchanges that information reports on NSDL freezing the FPI accounts are blatantly erroneous.

“It is accomplished to deliberately mislead the investing community. This is resulting in irreparable decline of financial price to the buyers at big and standing of the team.” the team firms mentioned.

Stocks of Adani Group companies took a pounding in morning trade on June 14, slipping as considerably as 25 per cent on report that NSDL has frozen accounts of a few overseas funds that owned stake in 4 of the team companies.

Amongst unique shares, Adani Enterprises, the group’s flagship business, fell 25 per cent at Rs one,201 apiece, adopted by Adani Ports (down 18 per cent at Rs 681). So much in the present calendar 12 months, Adani Company has surged over a few-fold, while Adani Ports and Adani Total Gasoline have zoomed over 100 per cent and 4-fold, respectively.

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