LIC obtained 59% revenue from funding in Adani Group: LIC’s funding in 7 group firms elevated from ₹ 38,471 crore to ₹ 61,210 crore in a single 12 months.

Life Insurance coverage Company of India i.e. LIC has earned a revenue of 59% from its investments in Adani Group firms within the monetary 12 months 2023-2024. A giant fall within the shares of Adani Group was seen because of the report of American brief vendor Hindenburg. Nevertheless, it has been greater than a 12 months since this report. Since then, the group’s shares have seen an amazing restoration.

LIC will get revenue of Rs 22,378 crore in a single 12 months from funding in Adani Group
In line with inventory change knowledge, LIC’s whole funding in seven firms of Adani Group elevated from Rs 38,471 crore on March 31, 2023 to Rs 61,210 crore on March 31, 2024. Meaning LIC has made a revenue of Rs 22,378 crore in a single 12 months from this funding.

LIC’s funding in Adani Enterprise Restricted elevated from Rs 8,495.31 crore on March 31, 2023 to Rs 14,305.53 crore after a 12 months. Throughout this era, LIC’s funding in Adani Ports elevated from Rs 12,450.09 crore to Rs 22,776.89 crore.

The funding of the insurance coverage firm in Adani Inexperienced Power Restricted greater than doubled in a 12 months to Rs 3,937.62 crore. LIC has additionally earned good income on its investments in Adani Whole Gasoline Restricted, Ambuja Cement and ACC.

Questions have been raised on LIC’s resolution to put money into Adani Group.
Final 12 months, after allegations of inventory manipulation in Adani Group within the Hindenburg Report, LIC additionally needed to face questions on its resolution to put money into the group. Nevertheless, Adani Group had termed Hindenburg’s report as utterly false.

Going through political strain, LIC had strategically diminished its funding in Adani Group’s two main firms, Adani Ports and Adani Enterprises. Nevertheless, shares of Adani Ports have risen by 83% and shares of Adani Enterprises have risen by 68.4%.

Other than LIC, many large overseas traders additionally invested within the group.
In line with inventory market knowledge, regardless of decreasing funding, LIC made a revenue of 59% on its funding in Adani Group in FY 2023-24. Throughout this era, many overseas traders – Qatar Funding Authority, Abu Dhabi based mostly IHC, French firm Whole Power and America based mostly GQG Funding invested about Rs 45,000 crore in Adani Group firms.