Adani Group Shares Dive As Depository Freezes Foreign Investors' Accounts

Shares of Adani Group companies dropped on Monday after the National Securities Depository Limited (NSDL) froze the accounts of three foreign portfolio investors (FPIs) that are among the top stakeholders in these companies. NSDL froze accounts of Albula Investment Fund, Cresta Fund and APMS Investment Fund. Albula Investment Fund owned 2.14 per cent stake in Adani Enterprises, Cresta Fund owned 2.98 per cent and APMS Investment Fund...