Adani Group/LIC News: Know how much money LIC has invested in Adani Group companies
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Adani group/LIC News: Adani group is being discussed everywhere these days and people want to collect more and more information about it, especially about LIC… So the statement of Life Insurance Corporation of India (LIC) is as follows It has been said that Adani Group has Rs 36,474.78 crore in bonds and equity and this amount is less than one per cent of the total investment of the insurance company. LIC’s total assets under management stood at over Rs 41.66 lakh crore as of September 2022.
Shares are constantly breaking
The shares of the companies of the group have been falling continuously since the allegations leveled against the Adani group in the report of the American financial research company Hindenburg Research. Keeping this in mind, the country’s largest domestic institutional investor LIC has made this disclosure. LIC has tweeted in this regard and said that till date our total investment under equity and bonds in Adani group companies is Rs 36,474.78 crore. It was Rs 35,917.31 crore till December 31, 2022. The total purchase value of these equity purchased in the last few years in group companies is Rs 30,127 crore and at the close of market on January 27, 2023, their market value was Rs 56,142 crore.
Adani Group’s 10 Listed Companies
Let us tell you that Adani Group has 10 listed companies. LIC did not give any information about its stake in various companies. The insurance company informed that the credit rating of all the debt securities held by it is ‘AA’. In Adani Enterprises’ Rs 20,000 crore FPO, LIC as anchor investor invested Rs 300 crore to buy 9,15,748 shares. He already has 4.23 per cent stake in the company.
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