Top News

• LIC-Adani investment transparent
• Explanation by Finance Minister Nirmala Sitharaman
• 5,000 crore investment in secured NCDs

LIC–Adani Investment: The company known as the largest insurance company in the country is the Life Insurance Corporation of India (LIC)’s investment in Adani group of companies has been the subject of much discussion on social media along with the media for the past few days. Whether LIC has made this investment under government pressure is frequently raised. Now, Finance Minister Nirmala Sitharaman has put an end to all these speculations by making a big and decisive statement in Parliament.

In recent times, the LIC and Adani group’s investments have fueled debate on social media over whether LIC invested in Adani companies as directed by the Finance Ministry. Meanwhile, Finance Minister Nirmala Sitharaman clarified this in a written reply in the Lok Sabha. The finance minister clarified that the finance ministry does not give any direction or advice to LIC, the country’s largest insurance company.

According to the Finance Minister, every decision to LIC’s investment was his own and the government does not interfere in it in any way. Any reports and rumors alleging government pressure on LIC’s investment are said to have been put to rest.

Finance Minister clarified that, Adani GroupLIC’s investments in these are done strictly in accordance with its Board-approved policies and Standard Operating Procedures (SOPs). He emphasized that due diligence and all necessary documents were followed before investment. LIC takes investment decisions as an independent organization and every decision is made with transparency. LIC follows strict rules to protect their policyholders’ money. This statement of the finance minister will also increase the confidence of the investors.

The Finance Minister also presented the information about this investment in the Lok Sabha. It stated that LIC has bought shares in about 6 listed companies of the Adani Group. The total book value of these shares is Rs 38,658.85 crore. Additionally, LIC has invested in Rs 5,000 crore worth of secured non-convertible debentures, i.e. NCDs, issued by Adani Ports SEZ in May 2025.