The National Securities Depository Ltd (NSDL) On Tuesday cleared the air on Adani stocks freeze. It says that the accounts of three foreign funds – holding nearly Rs 43,000 crore worth of Adani group shares – are active and not frozen.
Shares of Adani Green Energy, Adani Ports and Adani Enterprises rose up to 5 per cent each in intra-day today.
Adani Enterprises was trading flat, up 0.40 per cent at Rs 1,507.65 after rising as much as 5 per cent to Rs 1,572.90 earlier Tuesday.
The accounts of three foreign funds that are among the biggest backers of the Adani group are active and not frozen, NSDL Vice President Rakesh Mehta asserted.
Shares of the gas-to-ports conglomerate had tumbled up to 25 per cent after an Economic Times (ET) report on NSDL freezing accounts of three FPIs.
Later on, the Adani Group labelled the report as ‘erroneous’. “We regret to mention that these reports are blatantly erroneous and is done to deliberately mislead the investing community. This is causing irreparable loss of economic value to the investors at large and reputation of the group,” Adani Enterprises and other group companies said on the article published in ET.
ALSO READ: Adani Group Shares Fall Over Reports Of NSDL Freeze On Foreign Funds’ Account