EPFO’s trust on Adani remains intact even in decline, till September it will continue to fill like this

The country’s largest retirement fund EPFO ​​continues to invest in Adani Group. In which both Adani Enterprises and Adani Port are included. This investment can continue till September.

After the Hindenburg Research report, many big investors are thinking ten times on investing in Adani Group. LIC, which has invested about Rs 40,000 crore, is planning to change its investment rules so that it does not suffer much loss in episodes like Adani-Hindenburg. The country’s largest retirement fund EPFO ​​continues to invest in Adani Group. In which both Adani Enterprises and Adani Port are included. This investment can continue till September. By the way, two days meeting of EPF is going on. In which this issue can be discussed.

The question is that for the last two months, there has been a huge decline in the shares of the company. Why is the pension money of about 28 crore people of the country being put at stake? Was the EPFO ​​Trust not aware of this? Can the trust take any action in this matter? How much fall has been seen in the shares of Adani Group so far? Let us try to find answers to all these questions.

what kind of questions are arising

According to media reports, Central Provident Fund Commissioner Neelam Shami Rao was asked questions related to Adani Group, but no answers have been revealed to him. The most important question in these questions is that how much EPFO ​​has invested in the shares of Adani Group. Were its fund managers instructed to avoid fresh investments to protect those shares? Are there any changes being made to investments linked to Nifty 50? EPFO had invested Rs 1.57 lakh crore in ETFs till March 2022. In the financial year 2022-23, Rs 38,000 crore has been invested out of the estimated Rs 2.54 lakh crore new contribution sent by EPF members.

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trust is unknown

According to media reports, the trust was not aware that the pension money of the common people was being spent in the shares of the sinking Adani Group. There will be a two-day meeting of the board under the chairmanship of Union Labor and Employment Minister Bhupendra Yadav on Monday and Tuesday, in which this issue can be raised strongly. This meeting is mainly being held regarding the EPF interest rate. In which it will be decided that how much interest will be given to the members this year. At present, the interest rate of EPF is at the lower level of 45 years. Which was taxed at 8.1 percent.

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How much loss has been done to the shares of Adani Group

The report of Hindenburg Research came out on 24 January. Since then, there has been a big decline in the shares of Adani Group. Even after two months, the group companies could not be recovered the way they should have been. Adani Enterprises is down 50% since January 24. Adani transmission is also broken by more than 60 percent. Adani Toton’s shares have seen the biggest decline. The stock of the company has come down by 75% since 24th. Adani Green Energy is also down almost 50 percent.

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How much did Adani Group’s shares come down after January 24

company’s name Decline (in %)
Adani Enterprises 50
Adani Port AndSEZ 17.31
Adani Power 33.40
Adani Transmission 61.20
Adani Green Energy 48.54
Adani Total Gas 75.33
Adani Wilmar 4.56
ACC Limited 27.88
Ambuja Cement 25.83
ndtv 35.37

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LIC and banks have also invested

Not only on behalf of EPFO, but the country’s largest insurance company has also made motor investment in Adani Group. Whose value is more than 4 billion dollars. According to statistics, LIC had invested more than Rs 30,000 crore in the shares of Adani Group companies. At the same time, a loan of Rs 6,182 crore has been given. According to the report, the banks of the country have imposed about 80 thousand crore rupees on Adani Group, in which more than 27 thousand rupees are of SBI. By the way, Adani Group has also taken some loan in this.