Why Adani Shares dropped?

Adani Group shares today dropped between 5 per cent and 18 per cent. The big drop in the shares of Asia’s second Richest man Gautam Adani’s group fell in the wake of a report by Economic Times that stated accounts of three foreign funds were frozen by the National Securities Depository (NSDL). These three foreign funds have a staggering investment of 435 billion rupees in Adani Group companies.