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FM rejects claim of govt forcing LIC to invest in Adani Group
short by Mansi Agarwal / on Monday, 1 December, 2025
Finance Minister Nirmala Sitharaman rejected a Washington Post report claiming the Centre forced LIC to invest $3.9 billion in Adani Group. "Investment decisions of LIC are taken by LIC alone following...due diligence, risk assessment and fiduciary compliance," she said. "Finance Ministry doesn't issue any advisory to LIC in connection with matters related to investment of LIC fund," she added.
read more at Financial Express