India News

India’s Adani group says report on freeze on foreign funds wrong

The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Dave

India’s Adani Enterprises Ltd (ADEL.NS) said on Monday that media reports about freezing of accounts of three foreign funds which had invested in the group companies were “blatantly erroneous.”

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The company said it had an e-mail from the “Registrar and Transfer Agent” dated 14th June saying “that the Demat Account in which the aforesaid funds hold the shares of the company were not frozen.”

REUTERS

JUNE 14, 2021

Our Standards: The Thomson Reuters Trust Principles.

https://www.reuters.com/world/india/indias-adani-group-says-report-freeze-foreign-funds-wrong-2021-06-14/

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