LIC’s Adani Group Investment Losses (16580 crores)

Adani

The recent report by Hindenburg Research has caused significant damage to the shares of Adani’s Group, a conglomerate based in India. This has led to significant losses for both retail and institutional investors, one of which is the Life Insurance Corporation of India (LIC). LIC holds a significant stake in Adani’s Group shares, and as a result, has suffered a loss of Rs 16580 crore in the last two days due to the fall in Adani Group shares.

Adani Enterprises

In particular, LIC holds 4.23% of the total paid-up capital of Adani Enterprises, with 4,81,74,654 shares. The share price of Adani Enterprises has fallen from ₹3,442 to ₹2,768.50 on the NSE in the last two days, resulting in a loss of ₹673.50 per share and a total loss of approximately ₹3,245 crore for LIC.
Similarly, LIC holds a 9.14% stake in Adani’s Ports, with 19,75,26,194 shares. Adani Port’s share price has fallen from ₹761.20 to ₹604.50 per share in the last two days, resulting in a loss of ₹156.70 per share and a total loss of ₹3,095 million for LIC.

Adani Transmission

In addition, LIC holds a 3.65% stake in Adani Transmission, with 4,06,76,207 shares. Adani Transmission’s share price has dropped from ₹2,762.15 to ₹2,014.20 per share in the last two days, falling ₹747.95 per share in these two days, resulting in a net loss of approximately ₹3,042 crores for LIC.
Furthermore, LIC holds 1.28% stake in Adani Green Energy Limited, with 2,03,09,080 shares. Adani Green’s share price has fallen by 430.55 yen per share in the past two days, resulting in a loss of about 875 million yen in the past two sessions.

Adani Gas

Additionally, LIC owns a 5.96% stake in Adani Total Gas, with 6,55,88,170 shares. Adani Total Gas’ share price has fallen by ₹963.75 per share in the last two days, resulting in a loss of around ₹6,323 crore in the last two sessions. However, this one is the only company out of the Adani Group which LIC had some income.

Overall, the report by Hindenburg Research has had a negative impact on the shares of Adani’s Group and has resulted in significant losses for LIC, as they hold a significant stake in various companies within the Adani’s Group.

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