As Adani shares fall, LIC loses Rs 18,000 crore.
LIC has a significant investment in the stocks of the Adani group. It shouldn’t come as much of a surprise, because no other mutual funds have a major exposure to the shares of the Adani group. LIC’s aggregate stake in Adani group equities dropped from Rs 81,268 crore to Rs 62,621 crore during the course of the past two days.