Reported about 8 hours ago
SBI Holdings Inc. has followed Nomura and other Japanese financial firms in revealing their mutual funds' exposure to Adani Group securities, prompted by a scandal involving the Indian billionaire Gautam Adani. SBI's asset management published weightings for four funds, while Nissay Asset Management disclosed details for ten index funds. The fallout has led to global consequences, including Kenya canceling contracts with Adani's conglomerate and TotalEnergies halting new investments. SBI's fund exposures range from 0.21% to 2.55%, highlighting the ongoing scrutiny of investments linked to the troubled group.
Source: YAHOO