NSDL clarifies: Freeze only on GDR a/cs of FPIs investing in

NSDL clarifies: Freeze only on GDR a/cs of FPIs investing in Adani cos


NSDL clarifies: Freeze only on GDR a/cs of FPIs investing in Adani cos
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Last Updated: Jul 30, 2021, 07:00 AM IST
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Synopsis
In an announcement to the stock exchanges on June 14, Adani had said the accounts of the three foreign investors holding shares of its group companies were ‘not frozen’. An email from NSDL to Adani officials on the same day said the accounts of the three FPIs are ‘active’.
On July 19, minister of state (MoS) for finance Pankaj Choudhary told Parliament that the account freeze status of the three funds was linked to violations involving global depository receipts.
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