Adani Enterprises Ltd (AEL) on Friday said the ministry of corporate affairs (MCA) is investigating the books of accounts of its two airport subsidiaries for which they have received a communication.

The two step-down subsidiaries of AEL which have received the communication are Mumbai International Airport Ltd (MIAL) and Navi Mumbai International Airport Ltd (NMIAL).

AEL indicated that the major part of the information sought pertains to the period between 2017 and 2021-22, whereas the acquisition of the airport was completed in 2021-22.

Gautam Adani had acquired the Mumbai airport from the GVK group which in 2020 was accused by the CBI for alleged criminal conspiracy and fraud.

Earlier in 2019, the GVK group had said that MIAL had received a notice from the MCA asking for certain details or information.

“MIAL and NMIAL, step-down subsidiaries of AEL have received communications dated October 06, 2023, from the Office of the Regional Director, Southeast Region, Hyderabad, Ministry of Corporate Affairs, relating to initiation of investigation of books of accounts and other books and papers in terms of section 210(1) of the Companies Act, 2013,’’ the group flagship said in a late evening regulatory filing on Friday.

“We would like to clarify that acquisitions of MIAL and NMIAL by the company were completed during the year financial year 2021-22, significant part of the information/documents being sought through the above communications pertain to the prior period starting from 2017-18 to 2021-22. MIAL and NMIAL shall be responding to the said communications, in accordance with applicable legal provisions,’’ AEL added.

Shares tank

Adani group shares on Friday ended in the red after a Financial Times report alleged that the conglomerate over-invoiced coal imports.

The red ticks on its shares also came on a day the Supreme Court postponed a hearing on the Hindenburg report by a week.

Among the group stocks, Adani Enterprises was the worst hit as it slumped 2.06 per cent to close at Rs 2,454.65 on the BSE.

During intra-day trades, the flagship hit a low of Rs 2,422.95, a fall of over 3.30 per cent.