CHENNAI: Shares of companies controlled by billionaire Gautam Adani recorded their biggest weekly losses ever. The six stocks cumulatively lost Rs 1.91 lakh crore ($25.83 billion) of value over five days through Friday.
The funds
According to a report by the Economic Times on Monday the accounts of three Mauritius-based funds, which are among the top foreign investors in Adani group companies, had been frozen by the National Securities Depository Ltd (NSDL).
The NSDL website showed accounts held by the three funds frozen as of May 31, among thousands of others, without citing a reason, according to a review by Reuters.
