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'Blatantly erroneous': Adani group denies Mauritius investor accounts frozen, stocks recover

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Mumbai: Shares of companies controlled by billionaire Gautam Adani recouped a part of their day’s losses after refuting a local report that said accounts of three Mauritius-based funds that own the group’s stocks were frozen.
The Economic Times reported Monday that National Securities Depository Ltd. froze the accounts of Albula Investment Fund, Cresta Fund and APMS Investment Fund. It said the action was probably due to insufficient disclosure of information regarding beneficial ownership, citing people it didn’t identify. The report sparked a selloff in shares of six listed Adani firms before the ports-to-power conglomerate rebutted the claims. ....

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Adani shares fall as accounts of 3 Mauritius-based funds owning the group's stocks are frozen

Adani shares fall as accounts of 3 Mauritius-based funds owning the group’s stocks are frozen
Nupur Acharya
© Provided by The Print
Mumbai: Shares of some companies controlled by billionaire Gautam Adani plunged after a report said accounts of three Mauritius-based funds that own the group’s stocks have been frozen.
The National Securities Depository Ltd. froze the accounts of Albula Investment Fund, Cresta Fund and APMS Investment Fund effective May 31, according to the NSDL’s website. The action could be due to insufficient disclosure of information regarding beneficial ownership, the Economic Times newspaper reported on Monday, citing people it didn’t identify. ....

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Adani shares fall as accounts of 3 Mauritius-based funds owning the group's stocks are frozen – ThePrint

Adani shares fall as accounts of 3 Mauritius-based funds owning the group's stocks are frozen – ThePrint
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Adani Stocks Cut Loss After Denying Freeze on Investor Accounts

Adani Stocks Cut Loss After Denying Freeze on Investor Accounts
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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vedanta: Rising interest rates making it difficult for Anil Agarwal to take control of Vedanta

The stakes are high for Agarwal, whose personal holding company has amassed about $7 billion of debt and faces a far less receptive bond market than it did in early 2020. Winning full control of Vedantas cash-rich balance sheet would help Agarwal meet those liabilities. ....

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