LIC holds 9 per cent stake in Adani’s five companies. But not only Adani Group, LIC has investments in a total of 36 companies.
Mumbai: Hurricane named Hindenburg comes from America and in India by Gautam Adani (Gautam Adani) The whole empire shakes. From the Parliament to the stock market, only Adani is being discussed. India’s largest life insurance company LIC is part of Gautam Adani’s group. (LIC) Huge investment has been made. LIC holds 9 per cent stake in Adani’s five companies. But not only Adani Group, LIC has investments in a total of 36 companies. LIC’s investment has declined by 58 per cent in the last six months.
Hindenburg’s American Investment Research Institute (Hindenburg) A report has shaken the Adani Group.
The issue of LIC’s investment is now being raised in the Parliament. The opposition has demanded an inquiry into LIC’s decision to invest in the Adani group. But Adani Group is not the only company where LIC’s profits have declined. But in the last six months, the returns on the investments made by LIC have come down.
Loss in 36 companies
LIC has stake in 36 companies. Its share price has fallen more than 20 per cent in the last six months. According to experts, LIC’s investment cannot be evaluated in a short period of six months. LIC is a long-term investor in the stock market. LIC has invested in many reputed companies over the years.
In which companies loss
According to data from ‘Ace Equity’, LIC’s share price has fallen by up to 58 per cent in the last six months across multiple companies. These include Future Lifestyle Fashions, Piramal Enterprises, Omaxe, Indus Towers, Laurus Labs, Jet Airways (India), Sunteck Realty, Bombay Dyeing, GTL Infrastructure, Aurobindo Pharma and Jaypee Infratech.
In which companies does Adani invest?
LIC has invested in Adani Group companies Adani Green Energy, Adani Transmission, Adani Total Gas, Adani Ports & Economic Zone and Adani Enterprises. If you look at the performance of the last six months, all these Adani group companies are top losers in LIC’s portfolio. LIC holds 9.14 per cent in Adani Ports, 5.96 per cent in Adani Total Gas, 4.23 per cent in Adani Enterprises, 3.65 per cent in Adani Transmission and 1.28 per cent in Adani Green Energy.
10 big companies in which LIC has invested
- IDBI (49.24 percent)
- LIC Housing Finance (45.24 percent)
- Standard Battery (19.99 percent)
- Modela Woolens (17.31 percent)
- ITC (15.29%)
- NMDC (13.67 percent)
- Mahanagar Telephone Corporation (13.25 percent)
- Gloucester (12.85 percent)
- Larsen & Toubro (12.50 percent)
- Simplex Realty (12.38 per cent).
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