Counter to Rahul Gandhi's Rs 20,000 cr claim: Rahul Gandhi' says USD 2.6 bn stake sale money came in group firms

Adani Group rebutted Congress leader Rahul Gandhi's claim that INR 20,000 crores had come into the conglomerate through shell firms. The entity detailed how USD 2.87 billion in stake sales since 2019 had been reinvested in business, with USD 2.55 billion of that going into portfolio firms. Adani stated that investors including International Holding Company PJSC had invested USD 2.593 billion in firms like Adani Enterprise and Adani Green Energy, while promoters sold off stakes in Adani Total Gas and AGEL to raise USD 2.783 billion. The funds were then used for new business and existing portfolio firms.

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