BlackRock has more than $100 million exposure to Adani’s dollar debt, report says

• The world’s biggest asset manager BlackRock holds over $100 million in Adani dollar bonds, per Bloomberg.
• It’s one of the biggest holdings among the 200 or so institutions with exposure to the Indian conglomerate.
• Shares in Adani Group companies have lost over $100 billion in value since a US short seller’s fraud allegations.

BlackRock has more than $100 million tied up in Adani Group’s dollar bonds, which have come under intense scrutiny since a US short seller’s scathing research note on the Indian conglomerate sparked a rout in its stocks.

Filings to the SEC show the world’s biggest asset manager has one of the biggest known exposures to Adani’s estimated $8 billion in US currency notes, Bloomberg reported Friday.