Albula Investment owned 1.23 per cent stake in Adani Green.Shares of Adani Group business dropped on Monday after the National Securities Depository Limited (NSDL) froze the accounts of 3 foreign portfolio financiers (FPIs) that are amongst the top stakeholders in these companies.
NSDL froze accounts of Albula Mutual fund, Cresta Fund and APMS Mutual Fund.
Albula Mutual Fund owned 2.14 per cent stake in Adani Enterprises, Cresta Fund owned 2.98 percent and APMS Mutual fund had 1.69 percent in the Adani Group's flagship company.Likewise, Albula Financial investment owned 1.23 percent stake in Adani Green and APMS Investment Fund had 2.34 per cent, data from BSE showed.Shares of Adani Enterprises fell as much as 25 percent to hit an intraday low of Rs 1,201, Adani Power decreased 5 percent to Rs 141, Adani Ports and SEZ dropped 19 pr cent to Rs 681.50, Adani Total Gas toppled 5 percent to Rs 1,545, Adani Transmission declined 5 percent to Rs 1,517 and Adani Green fell 5 percent to Rs 1,165.
The three funds feature among the top twelve investors and owned about 2.1 percent to 8.91 percent stakes in 5 Adani Group business as of March 31, 2020, yearly investor discussions show.The worth of their stakes in Adani Power, Adani Enterprises, Adani Green, Adani Transmission and Adani Overall Gas increased over ten-fold considering that end-March 2020 to Rs 56,932 crore as of Friday, according to Reuters calculations.Shares of Adani Enterprises rose over 10-fold in the past year till Friday, while Adani Transmission shares acquired more than eight-fold and Adani Total Gas shares have actually jumped 1,114 per cent.Adani Ports has actually risen 148 per cent, while Adani Green has grown 267 percent and Adani Power has actually leapt nearly four-fold over the previous year.As of 2:00 pm, all the Adani Group shares were underperforming the Sensex which was trading on a flat note.