LIC investments in Adani Group as per SOPs, says FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman clarified that the Finance Ministry does not direct LIC's investment choices. She stated that LIC's investments in the Adani Group, amounting to over Rs 48,000 crore in equity and debt, were made independently following standard operating procedures and thorough due diligence. These decisions adhere to regulations set by IRDAI, RBI, and Sebi.
Finance Minister Nirmala Sitharaman clarified that the Finance Ministry does not direct LIC's investment choices. She stated that LIC's investments in the Adani Group, amounting to over Rs 48,000 crore in equity and debt, were made independently following standard operating procedures and thorough due diligence. These decisions adhere to regulations set by IRDAI, RBI, and Sebi.
