MP Priyanka Chaturvedi Condemns EPFO's Investment in Adani Stocks.
India's biggest retirement fund, the Employees’ Provident Fund Organisation (EPFO), has invested in two Adani stocks.
The EPFO manages the savings of 27.73 crore formal sector employees in India.
Other major institutions such as LIC, SBI, and SBI Pension Fund have also invested in Adani stocks.
The move has sparked debate over the appropriateness of public institutions investing in companies owned by private individuals.
Adani stocks have seen significant growth in recent years due to the conglomerate's expansion into various sectors.
The EPFO's investment in Adani stocks is seen as a significant show of support for the Adani Group.
Critics argue that public institutions should not invest in companies owned by private individuals and should instead focus on more socially responsible investments.