Adani Group Made Tremendous Profit to LIC; Read Below To Know The Details

LIC Earns Huge Profit In Adani:  Since the Adani Group received a clean chit from the Supreme Court panel, the golden age of Gautam Adani’s empire has returned. The shares of Adani Group have increased steadily since Friday. Investors have once again started taking an interest in making investments in the Adani group and LIC is one of them.

LIC is one of the stocks that invested in the Adani Group of companies even when it was drastically falling, as a result, they were regarded as amateurs for their unshakable faith in the group. Today, they are reaping the rewards and earning tremendous profits in the stock market.

Impeccable rise of LIC in three days

 

LIC had already invested in a number of Adani Group companies, but despite the fact that the shares were falling, LIC’s confidence in the company remained unshaken. The insurance company steadily increased its stake, and now, two months later, LIC has greatly benefited from its decision. Owing To Adani’s shares LIC has profited by about ₹6200 crore since April. When LIC invested in various Adani Group companies, the total value of those investments was around ₹31000 crores, but as of today, it has increased to ₹45000 crores.

LIC’s investment  in Adani Group companies

 

Data from the BSE shows that LIC owns 9.12% of Adani Ports, 4.25 of Adani Enterprises, 3.68 of Adani Transmission, 1.28 of Adani Green Energy, and 6.02 of Adani Total Gas. LIC is also involved with Adani Group cement companies. SIC owns a 6.29 per cent and a 6.41 per cent stake in Ambuja Cement, respectively.

What were the circumstances at the time of the Hindenburg Report?

 

At the end of January 2023, LIC stated that it had made investments in Adani Group companies totalling Rs. 30,127 crores. The value of LIC’s investment in Adani Group shares prior to the release of the Hindenburg report was Rs 82000 crore. Although it is still less than these levels by Rs 37,000 crore, LIC’s holding value. But given the surge in the value of Adani’s shares over the past few days, the market value of the business has increased by about 2 lakh crores.