18000 crores of LIC drowned in shares of Adani Group

Big loss of 18000 crores to LIC!

The huge fall in the shares of Adani Group companies drowned thousands of crores of rupees of LIC.

[{"selector":"#anim-dac4d057-a712-4d89-b734-4229060bd539 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(71.39409560097306%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":6000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-3abba91f-47e4-4ccc-9714-8e0d6806790e","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f8024fcc-1816-4c1c-88ca-54573a1e6a35","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"}] The country's largest institutional investor Life Insurance Corporation of India (LIC) has suffered a major setback.

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[{"selector":"#anim-fb0b58f1-7110-4a65-96e9-5bb940640cc3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(2.3998005485172347%, 9.016392945249091%) scale(0.819672131147541)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-39b2e661-b442-490f-94a4-cca794124954","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-84db11ac-374e-4a24-82c1-aaaaaa89291f","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"}] LIC's combined investment in Adani Group shares fell to Rs 62,621 crore from Rs 81,268 crore as on January 24, 2023.

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[{"selector":"#anim-9f5343da-46ee-4dcb-b7b1-2b5359164c97 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(11.488727840667229%, 6.971154220539288%) scale(0.7692307692307693)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-c365401e-ce30-41fe-ae9f-d55c84234f3f","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4e9c6914-6083-4597-987f-b19f1b3b3923","keyframes":{"transform":["translate3d(0px, 184.54113%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] * LIC's loss in Adani Total Gas: Rs 6,237 crore * LIC's loss in Adani Enterprises: Rs 3,279 crore

[{"selector":"#anim-1a83de8a-67ef-4e67-a5fa-d695f14b4630 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(1.2944807438958283%, -12.542917061605682%) scale(1.2688172043010753)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-db9edb73-7d47-498b-bf29-4fbf70cb747f","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-64705940-f138-4100-b42a-572dd3bebbe8","keyframes":{"transform":["translate3d(0px, 153.73016%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] * LIC's loss in Adani Ports: Rs 3,205 crore * LIC's loss in Adani Transmission: Rs 3,036 crore

[{"selector":"#anim-be799c2f-85f0-4796-a003-20ba8a3b6447 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-57.73687487981643%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-625476cb-2e00-484e-936b-1be30eebc602","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ed75d497-99db-4d01-ad8e-a400c9908ee3","keyframes":{"transform":["translate3d(0px, 145.04329%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] * LIC's loss in Ambuja Cements: Rs 1,474 crore * LIC's loss in Adani Green Energy: Rs 871 crore * LIC's loss in ACC: Rs 544 crore

[{"selector":"#anim-fa3fe791-dae8-4d69-ab35-05d16f37a1ba [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(4.27736873560905%, 0.7944918093237532%) scale(0.847457627118644)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-81313a10-be37-48bf-8b12-ce5076b09deb","keyframes":{"opacity":[0,1]},"delay":700,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-52711432-4efb-450d-a279-921b622c14e7","keyframes":{"transform":["translate3d(-114.8265%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The market capitalization of 10 listed companies of Adani Group decreased by about Rs 4 lakh crore on 27 January. SEBI action on Adani Group