Finance Ministry's reply on Adani, insurance companies have got 347 crore money - Newztezz Online

Breaking

Monday, February 13, 2023

Finance Ministry's reply on Adani, insurance companies have got 347 crore money

The Finance Ministry said that the total exposure of public sector general insurance companies to Adani Group is Rs 347 crore, which is a risk of 0.14 per cent of the total AUM of the companies.

FinMin on Adani: In response to a question in Parliament, the Finance Ministry said that the total exposure of public sector general insurance companies to Adani Group is Rs 347 crore, which is 0.14 per cent of the total AUM of the companies . There is risk. At the same time, financial institutions like Exim Bank, SIDBI, NHB, Natl Bk For Fin Infra and NABARD cannot disclose information under their act. Earlier, it was revealed by LIC itself that how much they have invested in Adani Group.

LIC and SBI investment

LIC has invested over $4 billion in the Adani Group, whose combined market capitalization has fallen by over $120 billion. The country's largest financier State Bank of India has given loans of up to $2.6 billion to Adani Group companies. Both have declared their loan as completely secure. By the way, LIC officials are engaged in meeting the management of Adani Group. So that it can be understood why there is a continuous decline in the shares of Adani Group.

Adani Group shares continue to fall

1. There is a decline of more than 5 percent in the stock of Adani Enterprises and the price has become Rs 1748.95.

2. Shares of Adani Port & SEZ are trading at Rs 551.60, down 5.52 per cent.

3. Adani Power's stock has hit a lower circuit of 5 per cent, after which the price is trading at Rs 156.10.

4. The stock of Adani Transmission has hit a lower circuit of 5 per cent, after which the price is trading at Rs 1126.85.

5. The stock of Adani Green Energy has hit a lower circuit of 5 per cent, after which the price is trading at Rs 687.75.

6. The stock of Adani Total Gas has hit a lower circuit of 5 per cent, after which the price is trading at Rs 1195.35.

7. Adani Wilmar's stock has hit a lower circuit of 5 per cent, after which the price is trading at Rs 414.30.

No comments:

Post a Comment