In its parliament reply, the government did not provide a complete list of all private companies in which LIC has invested and said that providing an "exhaustive, granular list of companies, in which LIC has invested, may not be commercially prudent and could affect LIC’s operational debt interests." https://thewire.in/government/lic-has-invested-rs-48284-62-crore-in-adani-group-companies-government
Two months after it was reported that the Narendra Modi government quietly devised a $3.9 billion plan to rescue Gautam Adani’s debt-laden conglomerate by directing money from the state-owned Life Insurance Corporation of India, the government has said in a parliament reply that LIC has invested a total of Rs 48,284.62 crore – Rs 38,658.85 crore in equity and Rs 9,625.77 crore in debt, in Adani Group companies.
04/12/2025