The start of the week was disappointing for India’s second richest man Gautam Adani. According to the Economic Times report, the National Security Depository Limited (NSDL) has frozen three foreign funds. According to the report, all of them have shares worth Rs 43,500 crore in four companies of the Adani Group. After this action of the National Security Depository, the shares of Adani Group saw a huge fall this morning. Adani Group spokesperson declined to comment on the entire issue.
According to the report, Albula Investment Fund, Cresta Fund, and APMS Investment Fund hold shares in four companies of the Adani Group, which are worth Rs 43,500 crore. Action has been taken against these companies under the Prevention of Money Laundering Act. It is alleged that they have not given enough information about Beneficial Ownership.
It is being told that the Securities and Exchange Board is also investigating whether there has been any manipulation in the stock prices during the last one year. Let us tell you, during the last one year, the shares of Adani Enterprises 741%, Adani Ports 100%, Adani Green 245%, Adani Transmission 650%, Adani Power 271%, Adani Total Gas have increased by 1066 percent.
Today the shares of Adani Group fell sharply
Following this action by the National Security Depositor, the shares of Adani Enterprises fell 25%, Adani Ports 17%, Adani Green 5%, Adani Transmission 5%, Adani Power 5%, and Adani Total Gas 5 percent down on Monday morning. .