Adani (pic) Total Gas Ltd, Adani Power Ltd and Adani Transmission Ltd all fell by their 5% daily limit in Mumbai on Tuesday. The selling continued on Wednesday.
GAUTAM Adani’s debt-fuelled empire received a jolt this week when the Economic Times reported that three of the six Mauritius-based funds that have invested most of their money in the Indian billionaire’s stocks had seen their accounts frozen by the national share depository.
The Adani Group refuted the report as “blatantly erroneous, ” helping to put a floor below plunging share prices.
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