Adani Group Crisis: Finance Minister Nirmala Sitharaman informed on Monday that the total loan given to LIC’s Adani Group has come down. Ever since the Hindenburg Research report came out, there was upheaval from the general public to the political level regarding the investment in LIC’s Adani Group.
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Adani Group (Adani Group) Hindenburg Research since against (Hindenburg Research) has been reported, since then Life Insurance Corporation of India in the group companies (LIC) Concerns remain about the investment and loans given to the group. Finance Minister Nirmala Sitharaman on Monday Nirmala Sitharaman informed that now the loan given to LIC’s Adani Group has come down.
Finance Minister Nirmala Sitharaman told that according to the figures till March 5, Gautam Adani (Gautam Adani) The total loan given by LIC to the companies of Rs.6,183 crore remained. Whereas on 31 December 2023 it was Rs 6,347 crore.
Which company has how much loan of LIC
Apart from loans, LIC has also invested in 10 listed companies of Adani Group. This total amount is around Rs 30,000 crore. At the same time, LIC has given different loans to different companies of Adani Group.
Adani Ports and Special Economic Zone has a loan of Rs 5,390 crore out of LIC’s total loan of Rs 6,183 crore (APSEZ)Rs 266 crore Adani Power (Adani Power-Mundra)Rs 254.87 crore Adani Power Maharashtra Limited-Phase 3 (Adani Power Maharashtra Ltd-Phase III)Rs 45 crore has been given to Raigarh Energy Generation Limited and Rs 145.67 crore to Raipur Energy Limited.
Adani does not have any loan from these government agencies
Finance Minister Nirmala Sitharaman gave this information while giving a written answer to a question in the Lok Sabha. Along with this, it was also told that 5 government general insurance companies (General Insurance Companies) None of them has given loan to companies of Adani Group.
Not only this, public sector banks have informed the ministry that they have issued loans to group companies only after assessing the feasibility of the projects.
The Adani group is facing a credit crunch after the report of American short seller company Hindenburg Research came out. Shares of the listed companies of the group have also come down. Hindenburg Research in its report had accused the Adani Group of manipulating the share price and committing accounting fraud.
