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 per cent. Mutual funds hold stakes in nine out of ten listed Adani Group companies, while FIIs hold stakes 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.
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