India's LIC plans investment exposure caps post Adani share rout- sources

Exclusive: India's LIC plans investment exposure caps post Adani share rout

The Life Insurance Corp. of India (LIC) is planning to impose caps on its debt and equity exposure to companies, two sources said, in a bid to lower concentration of risk following criticism of its investment in Adani group companies.

India's LIC plans investment exposure caps post Adani share rout

(Corrects spelling of Deloitte in paragraph 12) By Nikunj Ohri NEW DELHI (Reuters) -The Life Insurance Corp. of India (LIC) is planning to impose caps on its debt and equity exposure to companies, two

'LIC plans investment exposure caps post Adani share rout'

The LIC plans to cap its investment in individual firms, group companies, and websites backed by the same promoters. The quantum of the caps would be decided by the insurer's investment committee before it is taken to the board for approval.

LIC plans investment exposure caps post-Adani share rout: Report

After the Adani group lost over $100 billion in valuation post scathing allegations by US-based Hindenburg Research, state-run LIC was criticised for having over $4 billion exposure to companies from the group.

LIC plans investment exposure caps post Adani share rout: Sources

LIC plans investment exposure caps post Adani share rout: Sources

LIC plans investment exposure caps post Adani share rout: Reportss

After the Adani group lost over $100 billion in valuation post scathing allegations by U.S.-based Hindenburg Research, state-run LIC was criticized for having over $4 billion exposure