LIC Loses Over Rs 8,500 Crore As Adani Enterprises, Kolkata, India

A person is passing next to a LIC (Life Insurance Corporation of India) office in Kolkata, India, on November 24, 2024. The state-run insurer Life Insurance Corporation of India (LIC), which has stakes in seven Adani Group stocks, is witnessing an erosion of Rs 8,683 crore in the overall holding value in a single session on Thursday after a US court indicts Chairman Gautam Adani and several others in a $250 million bribery case, as per media report.