NEW DELHI: India’s second richest person Gautam Adani saw his net worth eroding by $4-5 billion on Monday after shares of its group companies tumbled following a report that the National Securities Depository Limited (NSDL) has frozen demat accounts of three foreign portfolio investors (FPIs) which have significant exposure to Adani group companies.
Shares of Adani Enterprises on Monday crashed 25 per cent intra-day to Rs 1,201 on the BSE. Similarly, Adani Ports and Special Economic Zone (APSEZ) plummeted 19 per cent during the day to Rs 681.50 while Adani Total Gas, Adani Transmission, Adani Power and Adani Green Energy shed 4-5 per cent of their value.
