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India's Life Insurance Corporation (LIC) said on Monday that its total exposure in Adani Group companies is less than 1 per cent of its total assets under management (AUM) at book value.
It said in a press release that the total value of Adani group company shares it has purchased over the last many years is Rs 30,127 crore. This amounts to a market value of Rs 56,142 crore, based on the closing price on January 27.
The clarification came as Adani Group firms have been battered owing to a scathing report on the conglomerate by US short-seller
It said in a press release that the total value of Adani group company shares it has purchased over the last many years is Rs 30,127 crore. This amounts to a market value of Rs 56,142 crore, based on the closing price on January 27.
The clarification came as Adani Group firms have been battered owing to a scathing report on the conglomerate by US short-seller
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