NSDL provides more clarity on frozen funds of Adani group-linked FPIs

The National Securities Depository (NSDL) has rectified entries of certain foreign funds whose accounts have been frozen due to regulatory violation. Some of these funds include Albula Investment Fund, Cresta Fund, and APMS Investment Fund—famous for their investments in Adani group stocks.

NSDL, which has been tasked with monitoring foreign portfolio investor (FPI) investments in domestic stocks, added ‘GDR’ to their names in the list it maintains on its website. The move is to denote that only the global depository receipts (GDR) related accounts of these FPIs are under freeze.

Last month, ambiguity around the status of these funds had