Expansion
The group has also received a big jolt from the US market after Adani Group’s three stocks Adani Enterprises, Adani Ports and Special Economic Zone and Ambuja Cement were included in the list of ASM (Additional Monitoring Measures). Now Dow Jones Sustainability Index has decided to remove the stocks from its sustainability index. In the index announcement of the US market, it has been said that from February 7, 2023, the company’s shares will be removed from the Dow Jones Sustainability Index.
Announcing on behalf of the index, it has been said that this decision has been taken after the news of disturbance in the stocks of Adani Group. The company’s shares will be excluded from the index from 7 February 2023 i.e. next Tuesday.
This decision has been taken by Dow Jones after the huge fall in Adani Group’s shares after the Hindenburg report. Meanwhile, Adani Group has decided to withdraw its FPO. Due to this development, the shares of Adani Enterprises which were trading at Rs.3442 per share have come down to Rs.1565 per share. The company’s shares have fallen by up to 55 percent.
Shares of Adani Group registered a decline in the domestic stock market on Friday
Disinvestment Secretary said on LIC’s investment in Adani Group – Insurance company invested after looking at its risk management
I am not looking into the matter of Adani Group as the subject is not within my jurisdiction. I work with Central Public Sector Enterprises (CPSE). TK Pandey, Secretary, Department of Investment and Public Asset Management has said these things on the issue related to Adani Group. He has said that Life Insurance Corporation of India has already made it clear how much investment it has in Adani Group. He has said that LIC invests under a safe strategy. He said that LIC invests in equity keeping in view its risk management framework under IRDA guidelines.
