LIC loses ₹16,580 crore in these 5 Adani shares in two days
LIC incurred maximum ₹6,323 crore in Adani Total Gas in last two sessions
Amid stock market bloodbath, Hindenburg Research report did further damage to Adani group stocks. In last two sessions, Adani group stocks have nosedived much lower than key benchmark indices, leading to huge losses to its retail and institutional investors. The Life Insurance Corporation (LIC) of India is one such domestic institutional investor (DII), which has huge shareholding in Adani group stocks. In last two days, LIC has lost ₹16,580 crore. Out of these ₹16,580 crore loss in last two days, LIC lost ₹6,232 crore in one Adani group stock Adani Total Gas in which it has 5.96 per cent shareholding.
5] Adani Total Gas: As per the shareholding pattern of Adani Total Gas for recently ended December 2022 quarter, LIC holds 6,55,88,170 shares or 5.96 per cent stake in the company. Adani Green share price has dipped ₹963.75 apiece in last two days, leading to near ₹6,323 crore loss in last two straight sessions.
So, adding all these losses that LIC incurred in last two sessions, LIC has lost around ₹16,580 crore due to heavy sell off in above mentioned five Adani group stocks.
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