The three foreign funds reported to have been frozen by the NSDL are Albula Investment, APMS Investment and Cresta Fund. Collectively, they hold Rs 43,500 crore worth of shares in four Adani Group companies. Also read DNA Explainer: Real reason behind massive fall in shares of Adani Group companiesWhy do the funds still appear frozen? The three foreign funds APMS, Albula and Cresta are registered with SEBI as Category I FPIs. As per the Adani Group, the three funds have been investors in the group for more than a decade.

Source: dna June 15, 2021 08:26 UTC