LIC Increases Its Investment in The Various Subsidiaries of the Adani Group

July 18, 2024 ⚊ 1 Min read ⚊ Views 12 ⚊ BUSINESS

The insurance company faced a lot of criticisms surrounding its decisions to make significant investments in the Adani Group because of controversies related to account fraud, stock manipulation, and Adani tax evasion by the Hindenburg report. The Adani Group, however, denied any wrongdoing, and the LIC also did not back down from its decision to make significant investments in the business group. Instead, it continued to invest in some of the most prosperous subsidiaries of the global conglomerate.

Read details: https://adanicase.wixsite.com/adanicase/post/lic-increases-its-investment-in-the-various-subsidiaries-of-the-adani-group

Tags: Adani tax evasion

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