MUMBAI -- Shares in Adani Group companies were slammed for a second day on Tuesday despite a denial by the conglomerate that the funds of three of its shareholders have been frozen by India's National Securities Depositary.
Adani Transmission and Adani Total Gas stocks closed down 5.0% at 1,446.4 rupees and 1,467.7 rupees, respectively, on the Bombay Stock Exchange. Adani Power also fell 5.0% to 133.90 rupees. These three stocks were extending a drop of 5.0% each on Monday. Adani Port and Special Economic Zone closed 1.6% at 756.5 rupees, extending an 8.5% fall on Monday.
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