CosmicTaco
CosmicTaco

LIC Faces Rs 8,566-Crore Hit Amid Adani Bribery Scandal

  • LIC's investments in Adani Group companies plummeted by Rs 8,566 crore after US prosecutors indicted Gautam Adani and others for bribery.
  • Adani stocks nosedived up to 24%, with significant losses in Adani Energy Solutions, Adani Enterprises, and Adani Ports.
  • The Adani Group denies the allegations, calling them baseless, while market reactions remain severe.

Source: Business News India, Times Now News, The Economic Times

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1mo ago
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