New Delhi: Recently, some media reports reported that the demat accounts of three Foreign Portfolio Investors Funds (FPI) have been frozen by National Securities Depository Limited (NSDL). This has led to volatility in shares of Adani Group companies. But the Adani Group has made it clear that this news is nonsense and rumours have been spread in the market.

In this context, Adani Group CFO Jugshesinder Singh said that the news of freezing of some FPI of Adani Group is not correct. "No, we don't ask for special clarifications from any one investor, we want clarifications from the regulators," Singh said. ''We have sought clarifications, the regulator has clearly said that these funds are not freezes. They are active and they are actively trading. This is a self-evident fact. Clearly it is a focused malicious attempt to push the false story and that is all. That means we may have to look for measures that may be available to us, because it harms our minority investors, which we will investigate."

We have to work in the best interest of our minority shareholders, he added. So, we understand what has happened. We will have a proper review with the legal advisers. It is currently subject to legal advice and we cannot comment on it. We always focus on minority interests.

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