Bloodbath In Adani Group Stocks Leaves Rs 19,000-crore Scar

Given its substantial exposure to the diversified conglomerate

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Life Insurance Corporation of India saw a sharp decline in the value of its holdings

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as a result of last week's massive sell-off in Adani Group stocks triggered by American whistleblower Hindenburg Research.

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Despite the controversy from short sellers, LIC is standing firm on their support for Adani.

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The significant exposure of Life Insurance Corporation of India to the diversified conglomerate Adani Group has resulted in a sharp erosion

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value of its holdings as a result of the massive sell-off in Adani Group stocks last week triggered by American whistleblower Hindenburg Research.

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In just 2 days, LIC's holdings lost Rs 18,800 crore in value, despite the fact that it controls 37% of the voting rights in the Adani Group's

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