Mumbai There are two big news about Adani Group. The first news is that the atmosphere has changed with the investment of more than 15000 crores by American company GQG Partners in 4 companies of Adani Group. After the report of Hindenburg Research, the shares of Gautam Adani and his companies had plunged, now those shares have started rising. The situation on Friday was such that Gautam Adani’s net worth kept increasing by 1.96 crores every second. With this, Gautam Adani jumped from number 37 to become the 26th richest person in the world. Gautam Adani was earlier the third richest person in the world, but after the report of Hindenburg Research came out on January 24, he kept on falling in the list of the rich due to continuous fall in the share prices of his group companies.
LIC Chairman MR Kumar.
Another big news is that a high level team of Life Insurance Corporation of India (LIC) met the management of Adani Group. After this meeting, LIC chief MR Kumar said that he sees a future in Adani Group and for the time being LIC’s investment is safe. He said that LIC’s faith in Adani Group remains intact. LIC has invested 32200 crores in companies of Adani Group. LIC also had to bear the loss due to fall in the price of shares of Adani Group. However, LIC also benefited from the way Gautam Adani’s companies earned on Friday.
State Bank of India (SBI), which gave a loan of about 27000 crores to Adani Group, also benefited on Friday. Due to the rise in the shares of Adani Group, the share price of SBI also went up by 5 per cent. If Adani Group companies continue to perform better in the stock market today, then LIC and SBI are expected to benefit more from this.