Freezing of FPI accounts: Adani Group, NSDL clear confusion after company's stocks tumble

The accounts of three foreign funds that are among the biggest backers of the Adani Group are 'active' and not frozen, NSDL Vice President Rakesh Mehta was quoted as saying by a Reuters report on the issue.

NEW DELHI: In a new twist to the Adani Group foreign fund investors case, the National Securities Depository Ltd (NSDL) has clarified on Monday that the fund accounts are frozen but the freezing is not related to the Adani companies. Shares of Adani Group companies traded on a sombre note for the second straight day on Tuesday even after NSDL clarified that the accounts of three foreign funds - holding nearly Rs 43,000 crore worth of Adani Group shares - are 'active' and not frozen. The accounts of three foreign funds that are among the biggest backers of the Adani Group are 'active' and not frozen, NSDL Vice President Rakesh Mehta was quoted as saying by a Reuters report on the issue.