CNBC-TV18 EXCLUSIVE: All FPIs account active, false news spread about fund freeze – CFO, ADANI GROUP

Adani Group CFO said that RTA has confirmed that funds have not been frozen

CNBC TV18 EXCLUSIVE All FPIs account active false news spread about

After clearing the market cap of about 7 BILLION DOLLAR ADANI GROUP, NSDL and all three FPIS have presented their clarification saying that Adani Group is active all three DEMAT ACCOUNT. After this clarification, today the decline in ADANI PORT and ADANI ENT ​​stopped but other shares of Adani Group are still under pressure.

Let us inform that 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 NSDL’s system.

Talking EXCLUSIVE to CNBC-TV18 on this issue, the CFO of Adani Group said that the RTA has confirmed that the funds have not been frozen. The regulator has also clarified that the funds have not been frozen. False news has been run in the media about the fund freeze. All FPIs accounts of Adani Group are active. We have also issued our statement regarding this matter. Will take further action on this issue as per legal advice.

In this conversation, he further said that all FPIs are shareholders of Adani Ent since 2010. Institutional investors like Blackrock, UBS have also invested their money in the company.

Tell the people who questioned Adani Green that the company’s business has increased from 500 MW to 3 GW. Adani Green’s business has grown tremendously in 3 years. Adani Green’s business has grown by 10 times in this period.

He also said in this conversation that we have sufficient amount of cash. Adani Green will start producing 25GW in the next 2-3 years. So far, investors have made good earnings from the shares of the group.

The CFO of Adani Group further said in this conversation that about 40 mergers have been done in the group so far. Wherever we get an opportunity, we will make acquisitions. He also said that the search for alternatives is going on regarding new opportunities in City Gas. However, in this conversation, he did not react to Cement, Adani Wilmar.

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