According to a Guardian report, several Australian Retired Savings Funds have invested in Adani Group companies. This also includes the Future Fund of $ 243 billion. It was created to strengthen the long term financial position of the country. The fund has investments in two Adani Group companies. Now their value has come down much less than the original investment. Similarly, The Australian Retirement Trust of Brisbane has huge investments in six Adani Group companies. Adani Group also has two projects in Australia. These include the Carmichael coal mine and a rail project in Queensland.
Many rich around the world have investments in Adani Group companies. But the sudden sell-off in Adani Group companies has put their investments at risk. These include Malaysia’s richest man, a shipping industry tycoon and two of the world’s richest families. From data center servicing, packaged food to port management, these people have partnered with Adani Group. In September 2022, its market cap had reached 22.25 lakh crores i.e. about $ 260 billion. But now it is less than $100 billion.
Robert Kuok, Malaysia’s richest man and living in Hong Kong, is one of Adani’s oldest partners. His company Wilmar International holds half the stake in Adani Wilmar. Similarly, American retail giant Walmart also has investments in Adani Group companies. Similarly, CMA CGM, the world’s third largest container shipping company, had signed a deal with Adani Group in 2017 for 15 years. Adani has recently bought Israel’s second largest port Haifa. Similarly, Abu Dhabi’s company International Holding Co. Has invested two billion dollars in Adani Group companies.
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