Just a Bad Day for Adani? Or A Bad Trend to Follow?
Why the Sharp Fall in Adani Shares?
The Foreign funds which was said to be pillar of Adani growth were frozen by NSDL which is worth 43500 Crore in 4 of Adanis Company i.e Adani Enterprises, Adani Green, Adani Total Gas, Adani Transmission. Adani power too faced the Wrath along with others.
Well this doesnt happened today. The Accounts of these investment holder were frozen before 31st May as per NSDL.
The freeze means these foreign funds will ot be able to buy or sell any existing securities.This freeze is due to the insufficiet disclosure of information related to beneficial ownership.
On the other hand Adani is broadening campus with Adani Cement a new venture.
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