Adani Group Stocks Shed $6 Billion Despite Rejecting Reports On Investors

Adani Group flagship Adani Enterprises closed down 6.3 per cent after plunging as much as 25 per cent, its steepest fall in nearly a decade.

Shares in companies controlled by billionaire Gautam Adani shed more than $6 billion on Monday despite rejecting media reports that said accounts of three investor funds that own stocks had been frozen. Adani Group flagship Adani Enterprises closed down 6.3 per cent after plunging as much as 25 per cent, its steepest fall in nearly a decade. The freezing of the three accounts was first flagged in an article in The Economic Times on Monday. The Adani Group firms involved rejected reports about the NSDL freezing the funds' accounts as "blatantly erroneous" in identical statements issued to stock exchanges.