LIC Investment: The country’s largest institutional investor LIC has recently increased its stake in Adani Group’s cement company ACC. According to information received from various media reports, LIC has increased its stake in ACC to above 10 percent. The opposition has repeatedly cornered the ruling BJP regarding LIC’s investment in various companies of the Adani Group.
The opposition has been continuously attacking this issue. The government has presented its stand regarding investment in SCC. On Monday, Finance Minister Nirmala Sitharaman said that the Finance Ministry does not issue any advice or instructions to LIC on investment related decisions. He also said that this investment was taken as per the established standard operating procedures (SOP).
Finance Minister gave information
Giving information in the Lok Sabha, Finance Minister Sitharaman said that the country’s largest insurance company LIC has invested in more than half a dozen listed companies of Adani Group, worth Rs 38,658.85 crore.
According to the Finance Minister, investment related decisions have been taken in the last few years on the basis of fundamentals and detailed efforts. Regarding investment in ACC Company, he has clarified that no instructions were given by the Ministry regarding this investment. This investment has been made completely as per SOP.
In which companies are you invested?
Finance Minister Sitharaman said that following the approval of its board and following the prescribed procedures, LIC has invested Rs 5 thousand crore in the secured NCD of Adani Ports Special Economic in May 2025.
He also said that LIC generally invests in the top 500 listed companies of NSE and BSE and a major part of its portfolio is invested in these big companies.
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