For companies of Gautam Adani, this Monday’s morning was notgood. Actually, the shares of group’s six listed companies saw a decline from5% to 22%. Among these, most declined are shares of Adani Enterprises. Thisshare broke by 22% to come at Rs 1,200. On Friday, the stock had closed on Rs1,600. After this, remaining companies stocks also broke like this. Investorsin the opening hour lost about 50,000 crore rupees.
3 foreign investors’ investments under suspicion
Decline in shares was due to SEBI (Securities and ExchangeBoard of India) targeting three companies of this group, which are believed tobe fake. These three investors are Albula Investment, Cresta Fund, and ApmsInvestment. Mauritius capital Port Louis’s single address is where these threeare registered. These do not even have a website. SEBI has frozen investmentsof these and initiated investigations.
Total investments 43,500 crore rupees
NSDL (National Securities Depository Limited) claimed thatthese three invested in total 43,500 crore rupees. These accounts have beenfrozen because SEBI does not have information on these accounts. Simultaneously,who is the owner of this money is unknown. Thus, money laundering is theprovision under which action have been taken. However, in this Adani group hasno role, but in their shares this investment is, thus this group’s shares sawdecline.
Investors Adani Enterprises ownership 6.82%
These investors have Adani Enterprises ownership 6.82%. Thisis of value 12,008 crore rupees. Adani Transmission 8.02% investment and thisis worth Rs 14,112 crore rupee. Adani Total Gas has 5.92% investment. This isworth Rs 10,578 crore rupees. Whereas, Adani Green Energy has 3.58% investment.This is worth 6,861 crore rupees.
All companies’ share declined
Those companies which declined on Monday include every listedcompany of Adani group. In these Adani Green Energy shares dropped 5%, AdaniTotal Gas and Adani Transmission share 5%, Adani Power share 4.96% and AdaniPorts share 15% declined. In one year, if returns are seen, then AdaniEnterprises return 12.18 times, Green Energy 4.5 times, Adani Total Gas 13.44times, Adani Transmission 8.66 times, Adani Power 4.11 times, and Adani Ports3.02 times.
Year 2019 KYC complete orders
Actually SEBI in year 2019 to prevent money laundering hadasked foreign investors to complete their KYC by 2020. These investors had to fulfilthese formalities by the time stipulated. The rule allowed for freezing of the demataccount if condition not fulfilled. On this basis, these three investors’accounts have been frozen. It is rumoured that SEBI in Adani group companies’shares price manipulation investigation has also started, because in one yearprofits in these companies have been very much higher.
2020 investigation started
An Indian daily claimed that their sources informed that inyear 2020 these companies shares investigations were started. However, thisinvestigation has not reached any verdict. In spite of this, the shares ofthese companies are continuously rising. In these companies Adani Enterprises,Adani Transmission and Adani Power the ownership of promoters is more than 74.29%.
Adani Enterprises foreign investors ownership is 20.51%,Adani Total Gas is 21.47%, Adani Transmission is 20.30%, Adani Green Energy is21.47%, Adani Ports is 17.90% and Adani Power 11.49% is ownership of foreigninvestors. Promoters minimum ownership is in Adani Total Gas and Adani GreenEnergy which is 56.29%-56.29%.