Adani Group shares fall 25%, shedding $6 billion despite rejecting reports on investors

Shares of Adani group companies --Adani Ports and Special Economic Zone Ltd opened 4.5% higher after a steep drop in the previous session. The company rejected of a media report that said accounts of three foreign investor funds that own Adani Group stocks had been frozen. Shares were last down 0.8%. Adani Power, Adani Transmission and Adani Total Gas fell 5% and were locked in their lower circuits.