New Delhi:LIC is not at much risk in Adani Group companies. The Life Insurance Corporation of India issued a statement on Monday. Recently, a US company has accused the Adani group of ‘stock manipulation’ and ‘huge risky debt’. In view of this, this notification is of the state-owned insurance company. They said that these companies have less than 1% of their total assets (AUM). That is, they are not at much risk.
“Total holdings of LIC under equity and debt under Adani Group of Companies as on December 31, 2022 stands at Rs 35,917.31 crore.
