INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Nearly 20 shared funds have actually purchased Adani Group business and the total market value of their investment as of December
is approximated to be around Rs 23,000 crore, according to an unique research study by ET Now.After US-based short-seller Hindenburg
Research came out with an adverse report about the Adani Group on January 24, shares of the group business have taken a whipping on the
bourses.According to the ET Now analysis, around Rs 7,200 crore worth of mutual fund investment remains in Adani Ports, which is the biggest
In Ambuja, there is a financial investment of near to Rs 6300 crore
Adani Enterprises has shared funds investment worth nearly Rs 4,900 crore
While ACC has an investment worth almost Rs 3,400 crore, ET now reported.Meanwhile, Adani Total Gas has shared fund investment worth almost
Rs 520 crore.Among the shared funds, HBI mutual fund which has deployed near Rs 5,800 crore followed by Kotal Mutual Fund, ICICI Prudential
Mutual Fund, Nippon India and UTI which have invested throughout the variety of around Rs 1,800 crore to Rs 2,300 crore
However, as a percentage of their overall equity, Quant exposure is the greatest at around 8% followed by Tata Mutual Fund which has a
direct exposure of near to 3% while Motilal Oswal, Nippon India and SBI Mutual Fund have an exposure in the series of around 1.2 to 2.8%,
the report said.In a statement on Thursday, MSCI Inc stated it has actually gotten feedback from a series of market individuals worrying the
eligibility and complimentary float determination of particular securities associated with the Adani Group for the MSCI Global Investable
MSCI specifies the totally free float of a security as the proportion of shares impressive that is considered readily available for purchase
in the general public equity markets by international financiers
Meanwhile, after recovering for 2 straight sessions, shares of Adani Group business resumed their slide on Thursday, with flagship Adani
Enterprises slumping almost 11 percent as index company MSCI Inc decided to evaluate the weightage of the corporations stocks in its
