LIC seeks clarification from Adani on report

In a statement issued on Monday, LIC said that its total holding under equity and debt in Adani Group is Rs 35,917 crore. “The credit rating of all Adani debt securities held by LIC are AA and above which is in compliance with Irdai investment regulations as applicable to all life insurance companies,” the corporation said.

LIC (Life Insurance Corporation of India) has sought clarification from Adani Group regarding a recent report. It is likely that the report in question contained information or statements that were considered misleading, incomplete or inaccurate, and LIC wants clarification to better understand the matter. The specifics of the report and the details of what LIC is seeking clarification on have not been mentioned.

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