FM Nirmala Sitharaman disclosed LIC's debt on Adani Group

LIC Exposure in Adani Group:

Finance Minister Nirmala Sitharaman disclosed LIC's debt on Adani Group.

[{"selector":"#anim-d1400ee6-35d5-46ef-9db5-d0f46ec68d48 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-41.866939370239834%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-5184f7b3-978a-4146-8298-7fc86645e220","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-642073b0-f3cb-4505-aaa3-ed9bd525602e","keyframes":{"transform":["translate3d(0px, 151.58733%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] After the report of Hindenburg Research, the discussion on LIC's loan and investment in Adani Group continues.

[{"selector":"#anim-ca407bc2-8494-4b0d-9217-76a4a971d911 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.607458618410035%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Meanwhile, Finance Minister Nirmala Sitharaman on Monday informed about the debt of LIC on Adani Group.

[{"selector":"#anim-dd53d1a7-1718-489d-9844-947835984c53 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(13.333333219559057%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Nirmala Sitharaman said that during the last three months, there has been a decline in LIC loans given to Adani Group companies.

[{"selector":"#anim-17395673-d94a-41e8-b15a-f31defadb0de [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-25.06561853989531%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] In a written reply in the Lok Sabha, the Finance Minister informed about the debt exposure of LIC in Adani Group companies.

[{"selector":"#anim-e0a27046-ee8a-4839-8d48-ee4804c23246 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(36.64062487200395%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] LIC's debt exposure as on December 31, 2022, was Rs 6,347 crore, which has come down to Rs 6,183 crore as on March 5.

[{"selector":"#anim-3b3e8bba-45b8-49b7-a6b7-66f52ee24a98 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(1.0828520727262008%, 3.615702834556966%) scale(0.8264462809917356)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] LIC exposure in Adani Group: 1- Adani Ports: Rs 5,388.60 crore 2- Adani Power Mundra: Rs 266 crore

[{"selector":"#anim-f687184b-6b51-4d09-b54c-91621dd22573 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-57.29095944791247%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] 3- Adani Power Maharashtra Limited Phase-1: Rs 81.60 crore 4- Adani Power Maharashtra Limited Phase-3: Rs 254.87 crore

[{"selector":"#anim-7d076c4b-504c-4d76-9c5a-f475927e1c44 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-25%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] 5- Rs 145.67 crore with Raipur Energen Limited 6- Raigarh Energy Generation Limited: Rs 45 crore

[{"selector":"#anim-648eafc8-7d2a-4871-aa38-e35a913a1eaa [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.38281240400295%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] After the Hindenburg Research report, LIC's investment value went negative due to a fall in Adani Group's shares.

[{"selector":"#anim-94fe8c61-8935-42df-a8fd-c10cb5a8aa3e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.49681316468229%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":5000,"fill":"forwards"}] [{"selector":"#anim-892eca8b-d26e-45af-974b-f741f715ca60","keyframes":{"opacity":[0,1]},"delay":700,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d2ad2451-da46-4bfb-aa7a-80367bfbc6cb","keyframes":{"transform":["translate3d(115.14195%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Once again the shares of Adani Group have gone up, due to which the investment value of LIC has once again gone up. Stock market live Analysis