Market value of investments made by state-owned Life Insurance Corporation of India (LIC) in seven companies of the Adani group has swelled to Rs 44,670 crore as stock prices rose from the lows seen in the aftermath of the Hindenburg report.
The country’s largest insurer and leading institutional investor in the Adani group has seen the market value of its holdings in Adani stocks increase by around Rs 5,500 crore since April, stock exchange data showed.
LIC’s biggest bet is Adani Ports & SEZ Ltd where it holds 9.12 per cent shares. At Wednesday’s closing price of Rs 717.95 on the BSE, that holding is worth Rs 14,145 crore.
Its 4.25 per cent stake the group’s flagship Adani Enterprises Ltd is worth Rs 12,017 crore at Wednesday’s closing price of Rs 2,476.90.
LIC holds stocks worth about Rs 10,500 crore in city gas distribution firm Adani Total Gas Ltd and Ambuja Cement. Other Adani group firms where LIC holds stakes are Adani Transmission Ltd, Adani Green Energy Ltd and ACC.
The .
Posts in category Business Standard
Market value of LIC investment in Adani Group stocks hit Rs 44,670 cr (24-05-2023)
Market value of LIC investment in Adani Group stocks hit Rs 44,670 cr (24-05-2023)
Market value of investments made by state-owned Life Insurance Corporation of India (LIC) in seven companies of the Adani group has swelled to Rs 44,670 crore as stock prices rose from the lows seen in the aftermath of the Hindenburg report.
The country’s largest insurer and leading institutional investor in the Adani group has seen the market value of its holdings in Adani stocks increase by around Rs 5,500 crore since April, stock exchange data showed.
LIC’s biggest bet is Adani Ports & SEZ Ltd where it holds 9.12 per cent shares. At Wednesday’s closing price of Rs 717.95 on the BSE, that holding is worth Rs 14,145 crore.
Its 4.25 per cent stake the group’s flagship Adani Enterprises Ltd is worth Rs 12,017 crore at Wednesday’s closing price of Rs 2,476.90.
LIC holds stocks worth about Rs 10,500 crore in city gas distribution firm Adani Total Gas Ltd and Ambuja Cement. Other Adani group firms where LIC holds stakes are Adani Transmission Ltd, Adani Green Energy Ltd and ACC.
The .
Adani stocks cool off after 3-day surge; save for three, rest shed 0.5-6% (24-05-2023)
Flagship Adani Enterprises declined the most at 6 per cent after a three-day 40 per cent surge
Adani stocks cool off after 3-day surge; save for three, rest shed 0.5-6% (24-05-2023)
Flagship Adani Enterprises declined the most at 6 per cent after a three-day 40 per cent surge
Markets regulator mulls prohibiting differential treatment to AIF investors (24-05-2023)
Markets regulator Sebi on Wednesday proposed that AIF (alternative investment fund) investors should not be given any differential treatment, which affects the economic rights of other investors.
In addition, the regulator is looking to provide clarity on the pro-rata rights of investors in an AIF scheme.
AIF is a privately pooled investment vehicle, which collects funds from investors, for investing under a defined investment policy for the benefit of its investors.
In its consultation paper, Sebi suggested that no differential rights should be provided to investors of the AIF/scheme, which would affect the economic rights of other investors. However, this should not apply in case of differential rights provided on terms with respect to the hurdle rate of return, performance-linked fee/additional return and management fee.
With respect to the pro-rata rights of investors, the regulator recommended that the rights of each investor should be maintained at pro-rata to their commitmen
Mahindra & Mahindra sells entire stake in Mahindra CIE at Rs 447.6 a share (24-05-2023)
MCIE is engaged in the business of production and sale of automotive components to original equipment manufacturers and other customers in India and overseas
Mahindra & Mahindra sells entire stake in Mahindra CIE at Rs 447.6 a share (24-05-2023)
MCIE is engaged in the business of production and sale of automotive components to original equipment manufacturers and other customers in India and overseas
Dixon, CGCEL: Consumer durable shares gain up to 9% in a range-bound market (24-05-2023)
At 01:41 PM, the S&P BSE Consumer Durables index, the top gainer among sectoral indices, was up 1.5 per cent, as compared to 0.11 per cent decline in the S&P BSE Sensex
Dixon, CGCEL: Consumer durable shares gain up to 9% in a range-bound market (24-05-2023)
At 01:41 PM, the S&P BSE Consumer Durables index, the top gainer among sectoral indices, was up 1.5 per cent, as compared to 0.11 per cent decline in the S&P BSE Sensex
Stock of this industrial products company has zoomed over 170% in 4 months (24-05-2023)
WPIL hit a new high of Rs 3,076, up 5 per cent on the BSE in Wednesday’s intra-day trade