Shares of Adani group corporations fell between 5 per cent and 18 per cent on Monday, after the Economic Times reported that the National Securities Depository (NSDL) had frozen the accounts of three overseas funds, which have a complete funding of Rs 435 billion in Adani group corporations.
Adani Enterprises and Nifty 50-listed Adani Ports and Special Economic Zone have been the highest losers, falling over 15 per cent every.
The report mentioned, citing an official, that the NSDL’s transfer might be due to insufficient helpful possession documentation