NEW DELHI: Adani Enterprises Ltd said on Monday that press reports concerning freezing accounts of foreign funds that had spent in the group firms were”blatantly incorrect.” The business said that it had an email in your”Registrar and Transfer Agent” dated June 14 stating”the Demat Account where the aforesaid funds maintain the stocks of the firm weren’t suspended” “We regret to say that all these reports are intentionally erroneous and can be done to intentionally deceive the investment area.
That can be resulting in irreparable loss of financial value to the shareholders at large and standing of this category,” the firm said in a notification to trades.
“We’re issuing this letter from the larger public interest and for the protection of minority shareholders attention,” it added.
Stocks of Adani Group businesses dropped sharply after it had been noted that the National Securities Depository Ltd (NSDL) had seemingly suspended the reports of three overseas capital, that have a complete investment of Rs 43,500 crore from Adani group businesses.