Adani Group Stocks: Half of LIC’s money drowned due to the shock of Hindenburg Research! Heavy losses to mutual funds and FIIs as well – how much money lic, mutual funds and fiis lost in adani stocks after hindenburg attack
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LIC, Mutual Funds and Foreign Institutional Investors (FII) have lost over Rs 2 lakh crore in Adani Group shares in seven days. As on January 24, his investment in Adani Group companies was worth Rs 3,98,563 crore, which has now come down to Rs 1,90,782 crore. In seven days, it has declined by Rs 2,07,781 crore i.e. 52 percent. Mutual funds hold stake in nine out of ten listed companies of Adani Group while FIIs hold stake in all ten companies.
Heavy loss to FII
Similarly, the value of investment of mutual funds declined by Rs 8,282 crore to Rs 16,280 crore. He has holdings in Ambuja Cements, Adani Ports, ACC and Adani Enterprises. Mutual funds have reduced their stake in Adani Enterprises and Adani Ports in the last four quarters. Foreign Institutional Investors have lost Rs 1,43,991 crore due to fall in shares of Adani Group and now the value of their investment has come down to Rs 148,742 crore. In the last four quarters, FIIs reduced their holdings in Adani Enterprises, Adani Green Energy, Adani Total Gas and Adani Transmission.
Will taking a shocking decision ease the way for Gautam Adani?
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