LIC, the country’s largest domestic institutional investor with an AUM of about $539 billion, had earlier said that its total holding in Adani companies under equity and debt as on January 31, 2023, stood at Rs 36,474.78 crore.
Gautam Adani
<!–
–>
After the loss of $ 100 billion due to the fall in Adani Group’s shares since the Hindenburg report, the country’s largest insurance company LIC is going to take a big decision. LIC is now planning to cap investment in Adani Group companies, so that the loss to LIC due to fall in Adani’s shares is reduced.
LIC has faced criticism for its investment in Adani’s shares. A time had also come when LIC investment had turned negative. LIC, the country’s largest domestic institutional investor with an AUM of about $539 billion, had earlier said that its total holding in Adani companies under equity and debt as on January 31, 2023, stood at Rs 36,474.78 crore.
today’s big news
