Last Update: February 02, 2023, 19:39 IST
The total assets under management (AUM) by LIC as on September 20, 2022 is over Rs 41.66 lakh crore, the statement said.
LIC said the total purchase price of equity under all Adani group companies is Rs 30,127 crore and has a market value of Rs 56,142 crore at the close of stock exchanges on January 27, 2023.
Life Insurance Corporation (LIC) has issued a press release clarifying that their total holding under equity and debt in Adani group companies as on December 31, 2022 is Rs 35,917.31 crore.
LIC said the total purchase price of equity under all Adani group companies is Rs 30,127 crore and has a market value of Rs 56,142 crore at the close of stock exchanges on January 27, 2023.
“The total amount invested under the Adani Group stands at Rs 36,474.78 crore as on date. However, these investments have been made over a period of time. Further, it may be noted that all Adani debt securities held by LIC have a credit rating of AA and above, which is in compliance with IRDAI investment regulations applicable to all life insurance companies,” the LIC press release further stated. .
The assets under management (AUM) by LIC is over Rs 41.66 lakh crore as on September 20, 2022, the statement said. Book Value,” the statement added.
The Adani Group on Wednesday withdrew its fully subscribed FPO worth Rs 20,000 crore, saying it was committed to protecting the interests of investors. The group cited ‘market volatility’ as one of the factors while withdrawing the FPO.
read all latest business news Here