Unfazed by Hindenburg! LIC bought 3.5 lakh shares of Adani Enterprises in March quarter
Even as the market value of the Nifty stock was reduced to less than half in the quarter, LIC picked up 357,500 shares of the Adani company. The PSU insurer’s stake in Adani Enterprises has gone up from 4.23% in the December quarter to 4.26% at the end of March.
