Ever since the report of Hindenburg Research came out, the Adani Group has sunk by almost 60 percent. Even after that, LIC was quietly buying shares of companies continuously. By the way, its shares are seeing a boom for a few days.
While on one hand mutual funds have reduced their stake in Adani Group companies, on the other hand country’s largest insurance company LIC has increased its stake in not one but four companies of the group in the March quarter even after the Hindenburg Research report. Share has increased. Ever since the report of Hindenburg Research came out, the Adani Group has sunk by almost 60 percent. Even after that, LIC was quietly buying shares of companies continuously. By the way, its shares are seeing a boom for a few days. Let us also tell you which companies of Adani Group have increased your stake in LIC.
LIC increased its stake in four of the six companies Adani Green Energy, Adani Total Gas, Adani Enterprises and Adani Transmission in the March quarter, while it reduced its stake in two others – Ambuja Cements and Adani Ports and Special Economic Zone . There was no change in shareholding in the case of ACC, which stood at 1,20,33,771 shares or 6.41 per cent at the end of the March quarter.
LIC’s biggest dare this year, bought 3900 shares of Adani Enterprises daily
LIC’s stake in Adani Group
- According to data from stock exchanges, LIC’s stake in Adani Enterprises has increased from 4.23 per cent in the December quarter to 4.26 per cent at the end of March.
- LIC’s holding in Adani Green Energy stood at 2,14,70,716 shares or 1.36 per cent stake as on March 31, 2023. Whereas till December 31 this share was 1.28 per cent.
- LIC’s stake in Adani Total Gas was 5.96 per cent at the end of the December quarter, which has increased to 6.02 per cent by March 31, 2023.
- LIC’s stake in Adani Transmission has increased to 3.68 per cent as of March 31. Earlier this stake was 3.65 per cent.
- At the same time, LIC has reduced its stake in Ambuja Cements from 6.33 per cent to 6.3 per cent.
- In Adani Ports and Special Economic Zone, LIC has reduced from 9.14 per cent to 9.12 per cent.
Due to this step of OPEC countries, new trouble is going to come in India, petrol-diesel will not be cheaper!
How much loan has been given to companies of Adani Group
- Last month, Finance Minister Nirmala Sitharaman told the Lok Sabha that LIC’s debt exposure to Adani group companies fell marginally to Rs 6,183 crore as on March 5 from Rs 6,347 crore as on December 31, 2022.
- LIC has a debt exposure of Rs 5,388.60 in Adani Ports and SEZ till March 5.
- Adani Power (Mundra) had an exposure of Rs 266 crore.
- Adani Power Maharashtra Limited – Phase I has a debt of Rs 81.60 crore.
- LIC has given a loan of Rs 254.87 crore for Adani Power Maharashtra Limited – Phase III.
- Raigarh Energy Generation Ltd has a debt exposure of Rs 45 Crore and Raipur Energen Ltd has a debt exposure of Rs 145.67 Crore.
Source: www.tv9hindi.com”