Adani Group shares returned, NSDL said – FPI’s demat accounts have not been blocked

NSDL clarified late Monday evening that demat accounts of FPIs have not been blocked.

Adani Group shares returned NSDL said FPIs demat accounts

Shares of Adani Group have made a comeback today i.e. on June 15. A day before this, on June 14, there was a tremendous fall in the shares of all the companies of the Adani Group. Earlier it was reported that National Securities Depository Limited (NSDL) has blocked the demat accounts of three Foreign Portfolio Investors Fund (FPI). These three FPIs hold shares worth more than Rs 43,500 crore in Adani Group companies.

However, late on Monday evening, NSDL clarified that the demat accounts of FPIs have not been blocked. NSDL Vice President Rakesh Mehta told Adani Group officials, “The demat accounts mentioned in your email appear to be active in the system of NSDL.”

Mehta is specifically talking about Albula Investment Fund, Cresta Fund and APMS Investment Fund. These three companies together hold shares worth about Rs 43,500 crore in Adani Enterprises, Adani Green Energy, Adani Transmission and Adani Total Gas.

When the news of account freeze came on Monday, the shares of Adani Group companies had fallen drastically. However, the trend of the shares was mixed on Tuesday.

Shares of Adani Ports were trading down half a per cent. While the shares of Adani Power were down 5 per cent. While the shares of Adani Enterprises were trading up 2 per cent.

However, it is still visible on the website of NSDL that the demat accounts of all the three FPIs have been blocked. When asked by Moneycontrol in this regard, NSDL officials, on the condition of anonymity, said that these are old cases.

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