Adani Group / Finance Minister Nirmala Sitharaman broke her silence on the ongoing brawl in Adani Group, said this big thing!

Adani Group: After the earthquake in the shares of Adani Group, Finance Minister Nirmala Sitharaman has broken her silence for the first time today. Adani's shares have fallen sharply since Hindenburg's report. In the last 5 days, the Adani Enterprises ticket has lost 49.60 percent. The Finance Minister has said in an interview to a media house that a statement has been issued by SBI and LIC on this matter.

exposure is limited

According to the statement issued by SBI and LIC, the exposure of Adani Group has been limited to them. Along with this, he has also praised the market regulators. According to Sitharaman's statement, his exposure (in Adani group shares) is in limit and he is still in profit even with fall in valuations.

LIC gave information

According to information received from LIC, investment of Rs 36,474.78 crore in loans and equity of Adani Group has also been disclosed. Along with this, it has been told that this amount is only one percent of his total investment.

Adani Group's uproar will have no effect

Officials have told LIC and SBI that the uproar in the Adani Group will not affect them in any way. His investment was limited in this and whatever investment was there, the companies and the bank have benefited.

Banking system is facing this problem

Along with this, the Finance Minister has further said in the interview that at present the Indian banking system is facing the problem of dual balance sheet. Besides NPAs, the recovery position has improved. SBI has taken this step only to address the concerns of the investors during this period.

Market cap fell by $ 120 billion

Let us tell you that the market cap of Adani Group has fallen by more than $ 120 billion. Ever since the Hindenburg report came out, there has been a sharp decline in the shares of the group. After this report, the listed 7 companies of Adani Group have lost more than half of their market cap.