LIC stands by Adani despite fraud claims from Hindenburg

Image Credit: HT Business
  • LIC is an investor in five Adani companies, with stakes ranging from 1% to 9%.
  • The total worth of these investments was 722.68 billion rupees on Jan. 24.
  • This was just before the Hindenburg report was published.
  • LIC is doubling down on its support for Adani despite the fraud claims.