NEW DELHI: Most Adani Group stocks extended losses on Tuesday, with three counters hitting their lower circuit limits, whilst Adani Group denied reports that the National Securities Depository Ltd (NSDL) had frozen accounts held by three offshore funds that own stakes in its group companies.
Adani Enterprises NSE 2.49 % opened within the green but slipped to 1 percent to Rs 1,489.30 at 9:55 am. Adani Ports traded down 1 percent at Rs 761.40, underperforming the S&P BSE Sensex index, which was up 0.53 percent at 52,828.90.
“We regret to say that these reports are blatantly erroneous and are done to deliberately mislead the investing community. this is often causing irreparable loss of value to the investors at large and reputation of the group,” the Group said during a regulatory filing.
Adani Green was the sole group stock trading higher, up 1 percent at Rs 1,189.90.
On Monday, The Economic Times had reported that NSDL had frozen accounts of three foreign funds – Albula Investment Fund, Cresta Fund, and APMS Investment Fund – which together own shares worth Rs. 43,500 crore of a number of the group companies.