Adani stocks extend losses for a third session
The Hindu
Group had rejected report on funds
Shares in companies controlled by Indian billionaire Gautam Adani fell again on Wednesday, adding to their losses stemming from a media report that said accounts of three foreign investor funds that own stocks had been frozen. The companies involved had rejected the report earlier this week, calling it “blatantly erroneous.” Adani Enterprises, Adani Green Energy, and Adani Ports and Special Economic Zone fell as much as 3.3% to 4.7% on Wednesday, while shares of Adani Total Gas, Adani Transmission and Adani Power hit their lower circuit limits.
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