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Today, the shares of the Adani group fell between 5 and 18 percent. The shares of all the six listed Adani Group companies, namely Adani Enterprises, Adani Ports and Special Economic Zone, Adani Power, Adani Transmission, Adani Green Energy, and Adani Total Gas were reportedly under pressure.

Reports suggest that National Securities Depository Ltd (NSDL) has frozen accounts of three foreign funds that own a stake in four of these group companies and has a total investment of 435 billion rupees. An official cited that the NSDL’s move could be because of inadequate beneficial ownership documentation.

Adani Enterprises and Nifty 50-listed Adani Ports and Special Economic Zone were the top losers, falling over 15 percent each. Among the individual stocks, Adani Enterprises tumbled 20 percent at Rs 1,281, followed by Adani Ports (down 18 percent at Rs 681).

Adani Transmission (Rs 1,517), Adani Power (Rs 140.90), Adani Green Energy (Rs 1,165.35), and Adani Total Gas (Rs 1,544.45) were locked in their respective 5 percent lower circuit bands on the BSE with only sellers being seen on these counters. Most of these stocks had recently touched their respective record high levels after they outperformed the market in the past one year by surging multi-fold.

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