Life Insurance Corporation of India (LIC) on Saturday (October 25, 2025) said its investments in Adani group companies have been made independently and in accordance with its board-approved policies, following detailed due diligence.
"Department of Financial Services [in the Union Finance Ministry] or any other body does not have any role in such [investment] decisions," LIC said in a statement posted on X.
India's largest insurer has, over the years, made investment decisions across companies based on fundam
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