Adani Transmission eclipses giants LIC, ITC in value with 125% rise
Shares of the New Delhi-based power utility have climbed almost 125% this year, boosting its market capitalization to 4.4 trillion rupees ($55.2 billion) in Mumbai on Friday. Its valuation surpassed Life Insurance Corp. of India — the country’s largest insurer — and cigarettes-to-cookies maker ITC Ltd.
