A month ago, the value of LIC’s investment in Adani group companies was at the level of Rs 31,416, which has now crossed Rs 40,000 crore. This means that since February 27, it has seen an increase of 27 percent.
LIC investments in Adani group shares recover to Rs 40,000 crore levelEven though Adani shares are witnessing a decline today, the combination of LIC and Adani seems to be a hit. The trust that LIC had shown on Adani Group in bad times, its result is also coming to the fore. The value of LIC’s investment in 7 companies of Adani Group has seen an increase of more than Rs 8,000 crore, not one or two.
A month ago, the value of LIC’s investment in Adani group companies was at the level of Rs 31,416, which has now crossed Rs 40,000 crore. This means that since February 27, it has seen an increase of 27 percent. According to S Equity data, LIC holds more than one per cent stake in Adani Enterprises, Adani Green Energy, Adani Total Gas, Adani Port & SEZ, Adani Transmission and recently acquired Ambuja Cements and ACC as of December 31, 2022.
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How much stake in which company and increase in value
- In terms of value, Adani has 9.14 per cent stake in the port, whose value has increased from Rs 11,101 crore to Rs 12,421 crore till Monday.
- With 4.23 per cent stake in LIC in Adani Enterprises, the value has increased from Rs 8,210 crore to Rs 5,750 crore.
- LIC has 5.96 per cent stake in Adani, whose value has increased from Rs 4,696 crore to Rs 6,282 crore.
- The value of LIC’s Ambuja Cement from Rs 4,141 crore has gone up to Rs 4,647 crore.
- The investment value of Adani Transmission was Rs 2,751 crore, which has increased to Rs 4,353 crore.
- LIC has 1.28 per cent stake in Adani Green Energy, while ACC has 6.41 per cent stake. Including both, there is a total investment of Rs 2 thousand crore.
- During this period, the investment value of Adani Energy has doubled, while no impact has been seen in the ACC value.
- If we look at the overall investment of LIC in Adani group companies, then its value has reached Rs 40,038 crore, while the actual investment by LIC was Rs 30,127 crore.
- On the other hand, on January 24, the value of LIC in Adani Group was Rs 81,268 crore, which is 51 percent less than at present.
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LIC is doing this planning
Recently, there was a Reuters report, which said that after facing criticism over its investments in Adani Group companies, the life insurer plans to cap its loan and equity exposure to companies to reduce risk. making. According to a Reuters report citing sources, the insurance company is planning to limit its loan and equity exposure to individual firms, group companies and companies backed by the same promoters.
