Billionaire Gautam Adani's group on Monday said it has written confirmation that accounts of three foreign funds that are among its top shareholders are not frozen and reports to the contrary are "blatantly erroneous and misleading". Shares of Adani group companies plunged on Monday after reports that the National Securities Depository Ltd (NSDL) froze the accounts of the three foreign funds that are among the top stakeholders in the firms. Adani Enterprises, the conglomerate's flagship company, as also Adani Ports and Special Economic Zone, Adani Green Energy Ltd, Adani Transmission Ltd, Adani Power and Adani Total Gas Ltd in identical filings to the stock exchanges said the reports of NSDL freezing accounts of Albula Investment Fund, Cresta Fund and APMS Investment Fund holding shares in the group firms were "blatantly erroneous and is done to deliberately mislead the investing community."
The Department of International Relations and Cooperation (DIRCO) in a statement urged world leaders not to implement 'knee-jerk' policy decisions in response to the detection of the Omicron variant.
Analysts suggest investors remain in a wait-and-watch mode and not jump in to buy stocks across-the-board.
Mumbai reported 89 deaths due to coronavirus on Friday, the highest one-day toll since June 30 last year, which pushed its fatality count to 13,161, the data released by the civic body said.
An outbreak of the coronavirus in Beijing has further "complicated" plans to start the postponed Chinese Super League (CSL), a medical expert advising the country's soccer association said. The CSL was scheduled to start in February but has been postponed indefinitely due to COVID-19.
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