Mumbai Monday is going to be very special for Gautam Adani. After the stock market opens on this day, in which direction the shares of Adani Group go, it is going to be important for the group. After the report of international rating agency Fitch FITCH on Friday, the share prices of some companies of Adani Group improved on Bombay Stock Exchange ie BSE and National Stock Exchange NSE. Now everyone’s eyes are on whether on Monday investors repose faith in Gautam Adani’s companies or continue to sell its shares. The Fitch report states that Adani Group has to repay most of its liabilities between 2024 and 2026. Fitch has also said that at present there is no cash problem in Adani’s companies.
On the other hand, the Government of India has distanced itself from the Adani case and the Reserve Bank has also collected information about the loans given to Adani Group companies from all the banks. The Reserve Bank of India (RBI) has said that Adani’s crisis is not going to be a burden on any bank. Currently State Bank (SBI) and Punjab National Bank (PNB) have made public the loan amount given to Adani. According to SBI, it has given a loan of 23000 crores to Adani Group. Whereas, according to PNB, he has given an amount of 7000 crores. LIC has already told that it is currently not at loss due to the fall of Adani’s shares.
Adani Group has lost market capital of Rs 10 lakh crore since the report of short selling company named Hindenburg Research came out. The market capital of Adani Group was 19.2 lakh crore on January 24, but it was reduced to Rs 9 lakh crore at the close of the stock market on Friday. There are 10 companies of Adani Group listed in the stock market. Shares of Adani Enterprises, Adani Power, Adani Total Gas, Adani Wilmar, Adani Green, Adani Transmission, Adani Ports, Ambuja Cement, ACC and NDTV are traded. After the Hindenburg report, the share price of all these companies fell by 50 per cent.