LIC's investments in Adani Group firms increased 59% to ₹61,210 crore in 2023-24 fiscal year.
State-owned insurance company LIC saw a 59% increase in the value of its investments in Adani Group companies during the 2023-24 fiscal year. LIC's investment in seven Adani group companies surged from ₹38,471 crore on March 31, 2023, to ₹61,210 crore on March 31, 2024, representing a rise of ₹22,378 crore. Adani Group's stocks, which had taken a $150 billion hit, have made a strong comeback, fueled by robust profit growth across their various businesses.
April 14, 2024
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