Shares of Adani group companies fell by about 5% to 18% on Monday,after the National Securities Depository LTD(NSDL) froze the accounts of three foreigen funds that are among the top stakeholders in the firms. Adani enterprises and Nifty 50-listed Adani Ports and Special Economic Zone were the top losers, plunging more than 15% each.
The funds have an investment of 435 billion indian rupees($ 6 billion) in Adani group companies, according to the report.
The NSDL has frozen the accounts of Albula Investment Fund, Cresta Fund and APMS Investment Fund, its website shows without citing a reason for the freeze.
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