Adani stock fall: LIC, SBI ‘lost over Rs 78k cr’ in market cap, FM still on ‘mute mode’, says Cong | Adani Group Shares Fall: Why Finance Minister’s Silence..?

by time news

New Delhi,

One of India’s and Asia’s richest man, Gautam Adani has slipped to 7th place on the world’s richest list due to a fall in his Adani Group shares, according to reports. Adani Group shares fell sharply for a second day on Friday morning, with Adani’s assets falling to seventh place, according to reports.

In this situation, the Congress has questioned why the Union Finance Minister and the investigating agencies are keeping silent even after buying shares in LIC and SBI and Adani Group and losing 78 thousand crores.

In this regard, Karnataka Congress supremo Randeep Surjewala tweeted, “Hindenburg has exposed serious fraud allegations of Adani Group. 4.17 lakh crores worth of shares of this conglomerate has been exposed. Also, LIC shares have lost Rs 22,442 crores. LIC is public money! Hindenburg Report Then, the value of LIC’s investment in Adani Group shares has fallen from Rs 77,000 crore to Rs 53,000 crore – a loss of Rs 23,500 crore.Why is LIC still investing Rs 300 crore in Adani Group?

Why do this? RBI, SEBI, Enforcement Directorate, CBI and Union Finance Minister have been keeping silent on this issue. The Prime Minister should explain this. Finance Minister should order a detailed inquiry,” he posted.


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