Mumbai: Adani Group on Monday denied that the National Securities Depository Ltd (NSDL) had frozen accounts held by three offshore funds which own stakes in its group companies.
In a clarification to stock exchanges on Monday, Adani Group companies said they had asked the Registrar and Transfer Agent (RTA) for information on the status of these funds.
Adani group stock have rebounded at open on June 15, a day after the stocks took a beating on the back of media reports that suggested NSDL has frozen three FPI accounts owning Adani Group shares.
“We requested Registrar and Transfer Agent, with respect to the status of the demat account of the aforesaid funds and have their written confirmation vide its email dated June 14, 2021, clarifying that the demat account in which the aforesaid funds hold the shares of the company are not frozen,” said Adani Enterprises in a release to the stock exchanges.
The Adani statement said the information was “blatantly incorrect”. “We are issuing this letter in the larger public interest and for the protection of investors,” as per the clarification to the exchanges.
Share price of Adani Transmission, Adani Power and Adani Gas were down 5 percent each while that of Adani Green shed 2 percent. Adani Enterprises share price was trading marginally in the green and that of Adani Ports added half a percent.
