Adani Group Denies the News of 3 FPI Account Freeze by NSDL

A statement was issued on behalf of Adani Group saying that the news of NSDL freezing the accounts of three FPIs is baseless. As on March 31, 2020, these funds held approximately 2.1 per cent to 8.91 per cent stake in the five companies of the Adani Group.

Adani Group Denies the News of Demat Account Frozen by NSDL
Adani Group Denies the News of Demat Account Frozen by NSDL

Adani Group On Monday  Told that They have the Written Proof That the Demat Account of  3 Foreign Investors who are the Majority Share Holders in Adani Group are not frozen. All the News which are Published is fake and wrong. The news was Spread that the Demat Account of Some FPI who are Share Holders in Adani Group has been Frozen by National Securities Depository Limited (NSDL). After This News Heavy Correction was seen in the Shares but Some Shares show recovery after Group Denies the News of Account Freeze by NSDL.

What Should Investors do Now After this News?

After the News of Account Freeze, The Shares of Adani Group Shows a Big Correction. Investors are Also Confused whether they should look at this Correction as an Opportunity or Just wait. After Hitting the  Lower Circuit, Some Shares of Adani Group show Recovery. Currently, Analysts are Suggesting to stay away from the Shares of Adani Group. Trade to Trade has been imposed on four Shares of Adani Group. In Trade to Trade, you cannot Trade in these 4 shares. So Investors have to wait for some time to Trade in these Shares. Currently, 6 Companies of Adani Group are Listed in Stock Market. These Six Listed Companies gave 200-1000% in Last One Year.

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Heavy Loss Happens to Investors after the News of Account Freeze- Says Adani Group

Adani Group tells that News of Demat Account Freezing of 3 Investment Foreign  Funds Albula Investment Fund, Cresta Fund and APMS Investment Fund is Fake and False. These Rumours are spread to Mislead the Investors. The company said that “This is causing financial loss to the investors at large and irreparable damage to the reputation of the group.”

Demat are not Freeze

In view of the gravity of the issue and its adverse impact on minority investors, “we have requested the Registrar and Transfer Agent(s) regarding the status of the Demat account(s) of the aforesaid funds and e-mails dated June 14, 2021,” he said. It is hereby confirmed in writing that the Demat accounts in which the above funds are holding the shares of the company have not been forfeited.

Earlier it was reported that the accounts of Albula Investment Fund, Cresta Fund and APMS Investment Fund have been seized on the website of NSDL allegedly without assigning any reason.

These 3 FPI’s Invest 7.8 Billion Dollar in Adani Group.

The three funds are among the top 12 investors in the group and as of March 31, 2020, these funds held around 2.1 per cent to 8.91 per cent stake in five Adani group companies, according to annual investor presentations. His stake in five Adani Group companies was valued at USD 7.78 billion till Monday’s fall in shares.

.Report  of Freezing Share of Worth Rs 45000 Crore is published by Economic Times

This Report of Freezing 3 FPI’s Demat Account is Published by Economic Times. According to Economic Times Report, National Securities Depository Limited i.e. NSDL Freezes the Demat Account of  3 FPI’s Account. These FPI’s Holds Shares of Worth 45,ooo Crore Rupees in Adani Group. During Intraday The Shares of Adani Group fell by 25%. Currently Six Companies of Adani Group are Listed in the Share Market. After this Fall in Share Price, Adani Group in Second Half Issues a Statement that This News is Fake. After this News Trust of Investors Returns Back and Share Shows Recovery.

 

Fluctuation in Share Price of Adani Group Gives the Message to Investors that Only One News about 1 Company makes the Share Price Fall. Never Invest on the Basis of Market News. Market Works on News in Short Term.

 

 

 

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