S&P Dow Jones Indices has said Adani Enterprises will be removed from the Dow Jones Sustainability Indices due to recent allegations of stock manipulation and accounting fraud that were levelled against the conglomerate.
The group entities made scheduled coupon payments on outstanding US dollar-denominated bonds on Thursday, according to Reuters' source with direct knowledge of the conglomerate's strategy.
Leader of Opposition in Rajya Sabha Mallikarjun Kharge has called a meeting of Opposition party floor leaders at 10 am in his parliament office to chalk out the strategy for the floor of the House today.
Speaking to ANI, Venugopal said, "Government at the Centre is using common people's money to support their closest friends. Congress party has decided to have nationwide agitation across districts of the country in front of LIC and SBI offices on Monday."
The total assets under management (AUM) of LIC are over Rs 41.66 lakh as of September 30, 2022. Therefore, LIC's exposure in the Adani group, as of date, is 0.975 per cent at book value.
The Congress later said it will hold nationwide district-level protest on February 6 in front of Life Insurance Corporation Offices and State Bank of India offices.
Lashing out at the Centre over the Hindenburg report against Adani Enterprises, the joint Opposition on Thursday dubbed the stock crash a "Maha ghotala (scam) in Amrit Kaal" and questioned the government's "silence" over the issue.
In Thursday's morning trade, shares of Adani Group's flagship firm, Adani Enterprises, were down 9.80 per cent to Rs 1,929.65 apiece. In five sessions, it has lost more than Rs 1,337.30 or declined over 40 per cent.
The Opposition parties on Thursday demanded a probe into the alleged "economic scam" in connection with the Hindenburg report against Adani Group under the supervision of the Chief Justice of India or a Joint Parliamentary Committee.