Albula Investment owned 1.23 per cent stake in Adani Green.
Shares of Adani Group corporations dropped on Monday after the National Securities Depository Limited (NSDL) froze the accounts of three international portfolio traders (FPIs) which can be among the many prime stakeholders in these corporations. NSDL froze accounts of Albula Investment Fund, Cresta Fund and APMS Investment Fund. Albula Investment Fund owned 2.14 per cent stake in Adani Enterprises, Cresta Fund owned 2.98 per cent and APMS Investment Fund had 1.69 per cent within the Adani Group’s flagship firm.
Likewise, Albula Investment owned 1.23 per cent stake in Adani Green and APMS Investment Fund had 2.34 per cent, knowledge from BSE confirmed.
Shares of Adani Enterprises fell as a lot as 25 per cent to hit an intraday low of Rs 1,201, Adani Power declined 5 per cent to Rs 141, Adani Ports and SEZ dropped 19 pr cent to Rs 681.50, Adani Total Gas tumbled 5 per cent to Rs 1,545, Adani Transmission declined 5 per cent to Rs 1,517 and Adani Green fell 5 per cent to Rs 1,165.
The three funds characteristic among the many prime twelve traders and owned about 2.1 per cent to eight.91 per cent stakes in 5 Adani Group corporations as of March 31, 2020, annual investor shows present.
The worth of their stakes in Adani Power, Adani Enterprises, Adani Green, Adani Transmission and Adani Total Gas spiked over ten-fold since end-March 2020 to Rs 56,932 crore as of Friday, in response to Reuters calculations.
Shares of Adani Enterprises rose over 10-fold prior to now yr till Friday, whereas Adani Transmission shares gained greater than eight-fold and Adani Total Gas shares have jumped 1,114 per cent.
Adani Ports has risen 148 per cent, whereas Adani Green has grown 267 per cent and Adani Power has jumped practically four-fold over the previous yr.
As of two:00 pm, all of the Adani Group shares have been underperforming the Sensex which was buying and selling on a flat word.
