Who has 20 thousand crores in Adani's companies? Finally got the answer
Who has 20 thousand crores in Adani's companies? Finally got the answer"
Share:

New Delhi: To whom are 20 thousand crores of rupees in Adani's companies going? The Congress has been raising this question for the past several days to corner PM Narendra Modi, and the Twitter handle of the party is also full of similar tweets. Now the Adani Group itself has made public the full account of the last four years in the midst of an uproar over the investment of 20 thousand crores. These figures released by Adani Group are being seen as a reply to Congress leader Rahul Gandhi. Not only this, the Adani group has also called the report in the Financial Times' false, in which allegations were levelled against it regarding foreign direct investment (FDI).

In fact, Congress leader Rahul Gandhi has been continuously raising questions about the income of the Adani group. He has also been targeting the Narendra Modi government at the Centre regarding this. But now, on Sunday, April 10, the Adani Group has made public the complete accounts from the year 2019 until now. In a statement issued by the Adani Group, it has been said that since the year 2019, the companies of the group have collected $ 2.87 billion, i.e., Rs 23525 crore, by selling their stake. Out of this, $2.55 billion, i.e., Rs 20,902 crore, was reinvested in the business.

Looking at the Adani Group's statement in detail, it clearly names the companies that investors such as Abu Dhabi-based Global Strategic Investment Company and International Holding Company have invested in Adani Group companies (Adani Enterprises Limited and Adani Energy Limited).. Invested 2.593 billion dollars, i.e., 21255 crore rupees, in India. The promoters of the company collected $ 2.783 billion, or about Rs 22812 crore, by selling stakes in Adani Total Gas Limited and Adani Green Energy Limited. Adani Group has further stated that these funds have been reinvested in portfolio companies such as Adani Enterprises Limited, Adani Ports and Special Economic Zone Limited, Adani Transmission Limited, and Adani Power Limited.

Adani Group's open letter to the Financial Times:

Let us tell you that Britain's media organisation, the Financial Times, published a report about the Adani group. It was said in this report that 'most of the foreign investment (FDI) that the Adani Group has received has come from foreign companies belonging to Gautam Adani's family. Foreign companies have invested at least $ 2.6 billion, i.e., approximately Rs 21334 crore, during the years 2017 to 2022 in Adani Group companies. This amount is 45.4 percent of the total FDI of $5.7 billion received by Adani Group. Regarding this report, the Adani Group has said that the information regarding the investments mentioned in the Financial Times report was already made public on January 28, 2021, and January 23, 2021.

Not only this, Adani Group has also written a letter to the Financial Times asking it to delete its report. It is written in this letter that a negative narrative is being created against the Adani Group. The kind of report that has been published has hurt the image of the Adani group, and it has become a political issue. This report should be removed immediately. We think competition to destroy Adani can be good, but we follow the rules completely. We do not want to keep anything about the owners of the company and the investment coming into it a secret.

IMD issues alert for weather change in MP

Will a Congress plane crash, or will the pilot fly? Big ruckus in Rajasthan today

Piyush Goyal to Co-Chair India-France Business Summit

Join NewsTrack Whatsapp group
Related News