LIC Investors Spooked Over Rout In Adani Stocks, Insurers Investments In Latters Firms Turn Negative

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.