01-01-1970 12:00 AM | Source: Reuters
Adani shares fall on report India securities depository froze foreign funds`accounts
BENGALURU - Shares of Adani group companies fell between 5% and 18% on Monday, after the Economic Times reported https://bit.ly/3gl478b the National Securities Depository Ltd (NSDL) had frozen the accounts of three foreign funds, which have a total investment of 435 billion rupees 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.
(Reporting by Nallur Sethuraman in Bengaluru; Editing by Shounak Dasgupta)
Latest News
Add Suprajit Engineering Ltd For Target Rs. 426 - Ch...
Metals & Mining update : Aluminum Demand recovery pu...
Top 5 Companies Where HR Practices Make Them the Bes...
Sector Update : Weak imports aid trade balance; Disr...
Bajaj Finance, Bajaj Finserv drag Sensex lower
Fitch anticipants power demand in India to rise by 7...
The inaugural UN Conference on India`s Digital Publi...
Sector Update : Ethanol blending Hitting a small bum...
Building Jocata Sumpoorn Index by leveraging DPI in ...
Add RBL Bank Ltd For Target Rs.315 - Yes Securities