We all must be knowing that after the Hindenburg research report, Adani group share prices have fallen massively.

After the report, adani Group has lost more than 100 billion dollars. Adani group's total market capitalisation today is at ₹7.15 lakh crore which is down 63 per cent from ₹19.19 lakh crore as on 24 January 2023

Along with adani, Government companies and organisations have also suffered massive losses due to their investment in Adani shares. 

LIC has a total investment of 30,000 crores in Adani group whose value has fallen from 56,000 crores to 39,000 crores. LIC is at profit but the profit has been hit badly.

Similarly State Bank of India has given loans of as much as Rs 21,000 crore ($2.6 billion) to Adani Group firms. Looking at the crisis at Adani, these loans seem to be at risk.

Now there has come one more concern, which is from The Employees’ Provident Fund Organisation (EPFO) .

The Employees’ Provident Fund Organisation (EPFO) which is India's largest retirement fund, continues to hold investments in multiple Adani Group securities even after that Hindenburg report.

 EPFO, which manages the old age savings of 27.73 crore formal sector employees, invests 15 per cent of its corpus into exchange traded funds (ETFs) linked to NSE Nifty 50 and BSE Sensex.

ETFs are the investment instruments which invest your money in the share of companies which are included in SENSEX or NIFTY.

Since these indices include Adani companies, so EPFO’s investment in Adani has happened automatically through ETFs.

The EPFO, which houses the retirement savings of over 27 crore Indians, EPFO had invested Rs 1.57 lakh crore in ETFs as of March 2022, and another Rs 8,000 crore in FY23.

But LIC, SBI and EPFO are not alone. Punjab National Bank loans exposure to Adani companies is at INR 7000 crore. 

But the government investments or loans in Adani are not alone. Among private players, IDFC First Bank has exposure to Adani equal to 0.1% of its loan book while IndusInd's exposure is 0.5% or INR 15,000 crore.

The good thing is that the Employees Provident Fund Organisation (EPFO) has fixed the interest rate at 8.15% for financial year 2022-23. This would make pensioners happy but the concern is that how would EPFO earn good the given interest if it makes losses