due diligence
Finance Minister Confirms LIC's Adani Investments Follow Standard Procedures Without Ministry Interference
Dec 02, 2025 01:26 am CST
Finance Minister Nirmala Sitharaman has clarified that LIC's investments in Adani Group companies follow strict due diligence protocols without any direction from the Finance Ministry. The state-owned insurer's investment decisions are made independently according to established regulations, with comprehensive oversight mechanisms in place. LIC's exposure to Adani Group represents a small portion of its diverse Rs 41 lakh crore investment portfolio spanning 351 publicly listed companies.
LIC Firmly Denies Washington Post Claims About Government-Directed Adani Group Investments
Oct 29, 2025 12:21 am CST
Life Insurance Corporation of India (LIC) has issued a categorical denial of Washington Post allegations claiming government influence over its Adani Group investments. The public sector insurer emphasized that it makes independent investment decisions following proper due diligence and board-approved policies, without receiving any instructions from the government regarding investments in the Adani Group.
LIC Firmly Denies Washington Post Allegations: Investment Decisions Made with Integrity and Due Diligence
Oct 25, 2025 04:50 pm CST
The Life Insurance Corporation of India (LIC) has issued an official denial against Washington Post reports claiming external influence on its investment decisions, particularly regarding Adani group. LIC emphasized that all investments follow strict due diligence protocols and Board-approved policies, with no external bodies influencing these decisions. The insurer recently reported a 3.91% year-on-year increase in its consolidated net profit for Q1 FY26.
