LIC Investors ‘Spooked’ Over Rout In Adani Stocks, Insurer’s Investments In Latter’s Firms Turn Negative
Zee Business Video Team | Updated: February 23, 2023 09:58 PM IST
The Life Insurance Corporation of India (LIC) & its investors are the latest ‘victims’ of persistent rout in Adani Group stocks. According to reports, India’s largest insurer had made an investment of Rs 31,127 crore in various firms of Gautam Adani-led behemoth. On Thursday, this value of investment turned red and slumped to Rs 33,000 crore mark.
