LIC's investment in Adani Group firms: Top 6 things to know

Published By Priyanka Deshpande Byline: Yash Jain CNBC-TV18.com Published April 16, 2024

#1

[{"selector":"#anim-fc38fc87-17a8-4c0f-bd7f-30841e01f23a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-10.425273973798593%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] LIC's gains in 7 Adani companies increased by 70% in FY24.

#2

[{"selector":"#anim-d59a3d17-c290-413a-8d36-8784d3654708 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-3.3579225535986517%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Adani Green saw the highest increase at 114%, followed closely by Adani Ports at 113%.

#3

[{"selector":"#anim-1baa21ea-f812-411d-984d-a7a2caf27c8e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(40.84659821759875%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] In absolute terms, LIC's stake in Adani companies rose to approximately ₹61,657 crore from ₹36,089 crore in FY23.

#4

[{"selector":"#anim-fd51f53f-2ea5-4a5c-9120-b7e89c246062 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-25%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] LIC's gains more than doubled since Hindenburg lows, with Adani Green showing a staggering 308% increase.

#5

[{"selector":"#anim-6a762dc3-d7fb-4765-9090-62ee26e2c53c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(29.086538360765758%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Post Hindenburg incident, LIC's stake surged to ₹61,657 crore from ₹29,024 crore.

#6

[{"selector":"#anim-2b26a2cd-fa0d-44d6-bc4c-e79dfe9615af [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-13.814874846578896%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] LIC's investments are now just 20% away from its pre-Hindenburg highs, with Adani Ports leading the recovery with a 64% increase.

Mutual fund assets surge 35% to ₹53.4 lakh crore in FY24, flexi cap category leads growth

[{"selector":"#anim-52a1edd4-a446-4b02-b6ab-1dd9f171fe7a","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] Thanks For Reading! Read More