MR Kumar said on Thursday that ‘our investor team has sought clarification from the Adani group, as well as our top management officials can meet the Adani group management soon.
LIC Chairman MR Kumar said on Thursday that LIC officials would soon meet the management of Adani Group. Explain that public insurance company LIC has invested heavily in Adani Group. Adani Group shares are falling heavily after the report of American financial firm Hindenburg. Due to which the opposition parties are raising questions regarding the decision of LIC.
Will you know what is going on in the group and the market?
MR Kumar told on Thursday that ‘our investor team has sought clarification from Adani Group as well as our top management officials can also meet Adani Group Management soon. Kumar said that we will soon call him and meet him to know what is going on in the group and the market.
Hindenburg had accused the Adani group
Explain that Hindenburg had accused Adani Group of rigging the price of shares, running offshore sale companies. After which there has been a huge fall in the shares of Adani Group. The opposition is besieging the government on this issue. Along with this, the opposition has also raised questions on the huge investment by LIC and SBI in Adani Group. The Hindenburg report was published just three days before Adani Group brought an FPO of Rs 20,000 crore, which created an uproar and since then Adani Group’s shares have fallen by about $100 billion or about 60 per cent.
Company stocks rose
Adani group surrounded after Hindenburg report The quarterly results of the companies have also been released. In which, despite the crisis, the total profit of Adani Wilmar of Adani Group has jumped by 16.5 percent in the December quarter. The stock of the company has also gained momentum.