LIC's Adani portfolio dips by ₹8,700 crore amid bribery case
The value of LIC's investment in seven Adani Group companies dipped by roughly ₹8,700 crore on Thursday after the US charged Gautam Adani in a $250-million bribery case, ET reported. The insurer holds stakes in Adani Enterprises, Adani Ports, Adani Green Energy, Adani Energy Solutions, Adani Total Gas, ACC and Ambuja Cements. Shares of Adani Enterprises dipped 23%.