Tuesday, October 28, 2025
More
    HomeBusinessLIC: No govt directive to invest in any Adani entity

    LIC: No govt directive to invest in any Adani entity

    -


    Life Insurance Corporation (LIC) of India

    NEW DELHI: Days after Washington Post reported that the Centre had asked LIC to invest in Adani Group companies, the state-run player has said that it did not receive any instructions from the govt for investing in any entity of the conglomerate. “LIC categorically clarifies that the documents mentioned have not been issued by LIC, nor have any such documents been received by LIC,” it posted on Twitter on Tuesday. On Saturday, LIC had denied the report saying that the company’s investment decisions are taken independently by its board after due diligence. Rebutting the Post report, it said that the department of financial services or other agencies do not have any role to play in such decisions





    Source link

    Must Read

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Trending