Exclusive: After $7 Billion Loss In Stock Value, Adani CFO's Explanation

Shares of Adani group companies fell by about 5 per cent to 25 per cent on Monday after the National Securities Depository (NSDL) froze the accounts of three foreign funds that are among the top stakeholders in the firms. Adani Enterprises, the conglomerate's flagship company, fell as much as 25 per cent, its steepest fall in nearly a decade and Nifty 50-listed Adani Ports and Special Economic Zone fell as much as 19 per cent before paring some losses.