LIC

These were the same institutions that were identified as DSII in 2021-22

"LIC is looking to have 'boundary conditions' on its investments that would limit its exposure to scrips," said the source

After the Adani group lost over $100 billion in valuation post scathing allegations by U.S.-based Hindenburg Research, state-run LIC was criticized for having over $4 billion exposure

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Mohanty is already serving as the interim chairperson of LIC

The proposed combination entails LIC AMC's acquisition of the rights to manage and administer the schemes of IDBI MF from IDBI AMC

This is despite a new tax being introduced from April 1

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M Jagannath and Tablesh Pandey named as managing directors of state-owned firm

LIC's debt exposure in Adani group companies fell marginally to Rs 6,183 crore as of March 5 from Rs 6,347 crore as of December 31, 2022, Parliament was informed on Monday. In a written reply to the Lok Sabha, Finance Minister Nirmala Sitharaman said, "The Life Insurance Corporation of India (LIC) has informed that its debt exposure to Adani Group of Companies, was Rs 6,347.32 crore and Rs 6,182.64 crore, as on December 31, 2022, and March 5, 2023, respectively". LIC has a debt exposure of Rs 5,388.60 in Adani Ports and SEZ as of March 5. The exposure in Adani Power (Mundra) was Rs 266 crore, Adani Power Maharashtra Ltd - Phase I (Rs 81.60 crore), Adani Power Maharashtra Ltd - Phase III (Rs 254.87 crore), Raigarh Energy Generation Ltd (Rs 45 crore) and Raipur Energen Ltd (Rs 145.67 crore), as per the reply. Sitharaman said five public sector general insurance companies have informed that they do not have loan/credit exposure to the Adani Group of Companies. "Public Sector Banks ha

Takes charge on March 14 for three months, faces challenges of LIC's falling market share and share price, apart from depleted value of its holdings in Adani group

February is generally one of the busiest periods for life insurance companies

YES Bank's stock is surrounded by a lot of speculations that the SBI may book at least partial profit and it may lead to more pressure on the stock

LIC's exposure to the Adani group has been under scrutiny since the report by the US-based shortseller became public

All 10 group stocks rally as market sees $1.87-bn investment as vote of confidence

State-owned Life Insurance Corporation (LIC) has recouped losses on its investment in Adani Group stocks after shares of the apple-to-airport conglomerate rose for the third consecutive session. LIC holds shares in seven out of the 10 listed companies of the Adani Group. The shareholding ranges from 1.28 per cent in Adani Green Energy Ltd to 9.14 per cent in Adani Ports & SEZ Ltd, according to information available on stock exchanges. The rout in the Adani Group shares that followed US short seller Hindenburg Research releasing a damning report on January 24 led to LIC's investments turning negative a week back. Against a purchase price of Rs 30,127 crore, the value of shares LIC held in the Adani Group dropped to Rs 29,893.13 crore on February 24. But the rally in the Adani Group stocks after investors poured in money has reversed the situation. The value of LIC's shareholding in the Adani Group stocks has risen by about Rs 9,000 crore since and at Friday's closing price, it ...

The state-owned insurer's market value is now down Rs 2.4 trillion, or 40 per cent, compared to initial public offering levels

LIC made stock market debut on May 17, 2022, and is trading 40 per cent below its issue price of Rs 949 per share

On January 30, the country's largest insurer had said that it had Rs 26,000 crore of gains in the Adani Group stocks, now this stands at just over Rs 3,000 crore

Doubts about India's corporate governance norms and integrity of its financial markets?