With Adani saying FPI ACs not frozen, ball in SEBI, NSDL court
With the Adani Group insisting that the demat accounts of the three foreign portfolio investors (FPIs) holding large stakes in its Group company stocks had not been frozen, the ball is now in the court of market regulator SEBI. For, the National Share Depository Ltd (NSDL) website continues to show the three FPIs on a list of accounts frozen along with 9,444 others, as of May 31.
The confusion led to a high voltage drama in the stock markets on Monday as share prices of all the Adani Group…
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