Shares of Adani Group firms were trading in the green in a weak Mumbai market on Wednesday afternoon when the National Services and Depository (NSDL) has changed its website entries to correct an error that led to the loss of shares of Adani Group. The price had created confusion and volatility in the stock market. last month.
As per the recent changes in the NSDL website, the demat accounts of only three FPIs, namely Albula Investment Fund, Cresta Fund and APMS Investment Fund, which had links with the issue of Global Depository Receipts (GDRs), have been frozen. was given. The GDR has now been added against the three FPIs mentioned in the list of frozen accounts by NSDL.
Shares of Adani Enterprises and Adani Port and SEZ opened up 1% at Rs 1410 and Rs 669.3 respectively. Adani Power and Adani Transmission, Adani Green and Adani Total Gas were trading 3% higher at Rs 98, Rs 932, Rs 940 and Rs 954, respectively.
Last month, investors lost over Rs 2 lakh crore on reports of NSDL freezing FPIs, holding substantial stake in Adani Group firms.
The NSDL clarification comes after markets regulator, Securities and Exchange Board of India (SEBI), reportedly requested information from custodians of foreign portfolio investors (FPIs) about the ultimate beneficial owners (UBOs) of six Adani Group shares. Is.
SEBI’s action comes after Mahua Moitra, Lok Sabha member from West Bengal, wrote to India’s Finance Minister Nirmala Sitharaman last week, requesting a probe into significant foreign portfolio investments (FPIs) of Adani group companies.
“Written again to Hon’ble FM, RBI, CBDT, ED, DRI and all that anyone is hearing the demand for immediate investigation of over-invoicing, roundtripping of funds and dodgy FPI investments by Adani companies? Or all in a glass house ?” He said in a tweet on Monday.
On July 19, India’s Minister of State (MoS) for Finance Pankaj Choudhary told Parliament that the country’s market regulator and customs authorities are looking for some Adani Group companies for violation of regulations.
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