Market value of LIC investments in Adani shares rise to ₹45,000 cr

After Adani Group companies' shares extended their rally for the fourth straight day on Wednesday, LIC's holding value in seven Adani companies hit the ₹45,000-crore mark. This marked a 14% rise over ₹39,878.68 crore in its investments on May 19. Adani's shares surged after Supreme Court panel said it wasn't "possible to conclude regulatory failure on allegation of price manipulation".