ADANI GROUP STOCKS CRASH, FOREIGN FUNDS’ ACCOUNTS BEING FROZEN
14 June 2021: Shares of all the Adani Group companies listed on Indian stock exchange hit lower circuits in the opening session today. This comes after reports that National Securities Depository Limited (NSDL) suspended accounts of three foreign funds that have over Rs. 43,000 crore invested in Adani Group. As per Forbes’ real-time billionaires list, Adani lost around $7 billion.
Also Adani Ports shares have gone down by 15%. After the situation Gautam Adani has decided to delist Adani Powers from Indian stock exchanges.
About The Author
