LIC States Investments in Adani Firms Were Made Independently Following Thorough Due Diligence

The Life Insurance Corporation of India (LIC) clarified that its investments in Adani group companies were made independently, following detailed due diligence and board-approved policies, without any involvement from the Department of Financial Services or other bodies. LIC emphasized adherence to regulatory guidelines and stakeholder interests. Its May 2025 $570 million investment in Adani Ports & SEZ forms less than 2% of Adani’s total debt. LIC, India’s largest institutional investor with over Rs 41 lakh crore in assets, maintains a highly diversified portfolio across 351 listed stocks and government/corporate bonds, with Reliance, ITC, Tata, HDFC Bank, and SBI as its largest holdings.