LIC Doubles Down on Adani Amid Hindenburg’s Fraud Claims

LIC Doubles Down on Adani Amid Hindenburg’s Fraud Claims

LIC is an investor in five Adani companies, with stakes ranging from 1% to 9% that was worth a total of 722.68 billion rupees on Jan. 24 — just before the Hindenburg report was published. India’s largest life insurer is plowing more money into Gautam Adani’s flagship...