For companies of Gautam Adani, this Monday’s morning was not good. Actually, the shares of group’s six listed companies saw a decline from 5% to 22%. Among these, most declined are shares of Adani Enterprises. This share broke by 22% to come at Rs 1,200. On Friday, the stock had closed on Rs 1,600. After this, remaining companies stocks also broke like this. Investors in the opening hour lost about 50,000 crore rupees.
3 foreign investors’ investments under suspicion
Decline in shares was due to SEBI (Securities and Exchange Board of India) targeting three companies of this group, which are believed to be fake. These three investors are Albula Investment, Cresta Fund, and Apms Investment. Mauritius capital Port Louis’s single address is where these three are registered. These do not even have a website. SEBI has frozen investments of these and initiated investigations.
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Total investments 43,500 crore rupees
NSDL (National Securities Depository Limited) claimed that these three invested in total 43,500 crore rupees. These accounts have been frozen because SEBI does not have information on these accounts. Simultaneously, who is the owner of this money is unknown. Thus, money laundering is the provision under which action have been taken. However, in this Adani group has no role, but in their shares this investment is, thus this group’s shares saw decline.
Investors Adani Enterprises ownership 6.82%
These investors have Adani Enterprises ownership 6.82%. This is of value 12,008 crore rupees. Adani Transmission 8.02% investment and this is worth Rs 14,112 crore rupee. Adani Total Gas has 5.92% investment. This is worth Rs 10,578 crore rupees. Whereas, Adani Green Energy has 3.58% investment. This is worth 6,861 crore rupees.
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All companies’ share declined
Those companies which declined on Monday include every listed company of Adani group. In these Adani Green Energy shares dropped 5%, Adani Total Gas and Adani Transmission share 5%, Adani Power share 4.96% and Adani Ports share 15% declined. In one year, if returns are seen, then Adani Enterprises return 12.18 times, Green Energy 4.5 times, Adani Total Gas 13.44 times, Adani Transmission 8.66 times, Adani Power 4.11 times, and Adani Ports 3.02 times.
Year 2019 KYC complete orders
Actually SEBI in year 2019 to prevent money laundering had asked foreign investors to complete their KYC by 2020. These investors had to fulfil these formalities by the time stipulated. The rule allowed for freezing of the demat account 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 year profits in these companies have been very much higher.
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2020 investigation started
An Indian daily claimed that their sources informed that in year 2020 these companies shares investigations were started. However, this investigation has not reached any verdict. In spite of this, the shares of these 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 is 21.47%, Adani Ports is 17.90% and Adani Power 11.49% is ownership of foreign investors. Promoters minimum ownership is in Adani Total Gas and Adani Green Energy which is 56.29%-56.29%.
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