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Adani Group rejects claim on FPI account freeze since it is blatantly false.

 Adani Group rejects claim on FPI account freeze since it is blatantly false.


The Adani Group has confirmed that the claim that the National Securities Depository Limited (NSDL) had frozen three accounts that had invested in four of the conglomerate's listed companies was "blatantly false."

The clarification comes after The Economic Times reported that the NSDL had frozen three FPI accounts — Albula Investment Fund, Cresta Fund, and APMS Investment Fund — that hold shares in Adani Enterprises Limited (AEL), Adani Total Gas Limited (ATGL), Adani Transmission Limited (ATL), and Adani Green Energy Limited worth a total of Rs 43,500 crore (AGEL).

The Securities and Exchange Board of India (Sebi) has launched an investigation to see if there has been any price manipulation in shares of Adani group companies, according to the report.


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