The aftermath of the Hindenburg Research report may have made several large investors rethink their exposures to the Adani group. But one large pool of capital has continued to invest in two Adani stocks, including flagship Adani Enterprises, and will keep doing so till at least September this year, unless its trustees rethink their investment approach when they meet this week.
These investments are being made by India’s largest retirement fund — the Employees’ Provident Fund Organisation (EPFO) — which manages the old age savings of 27.73 crore formal sector employees and invests 15% of its corpus into exchange traded funds (ETFs) linked to the NSE Nifty 50 and the BSE Sensex.