As of February 2023, the Indian state-owned Life Insurance Corporation, one of the biggest institutional investors in Adani stocks, lost around 385.09 billion Indian rupees in the wake of the latter's plummeting stocks. LIC holdings in Adani Total Gas witnessed a significant decrease in value since January 24, 2023. Post the release of the Hindenburg report alleging fraud and stock manipulation among others, the Adani stocks have witnessed a significant fall.
Value of LIC holdings in Adani stocks from January 24 to February 3, 2023 (in billion Indian rupees), by subsidiary
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The Economic Times. (February 5, 2023). Value of LIC holdings in Adani stocks from January 24 to February 3, 2023 (in billion Indian rupees), by subsidiary [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1368168/adani-group-value-of-lic-holdings-adani-stocks-by-subsidiary/
The Economic Times. "Value of LIC holdings in Adani stocks from January 24 to February 3, 2023 (in billion Indian rupees), by subsidiary." Chart. February 5, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1368168/adani-group-value-of-lic-holdings-adani-stocks-by-subsidiary/
The Economic Times. (2023). Value of LIC holdings in Adani stocks from January 24 to February 3, 2023 (in billion Indian rupees), by subsidiary. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1368168/adani-group-value-of-lic-holdings-adani-stocks-by-subsidiary/
The Economic Times. "Value of Lic Holdings in Adani Stocks from January 24 to February 3, 2023 (in Billion Indian Rupees), by Subsidiary." Statista, Statista Inc., 5 Feb 2023, https://www.statista.com/statistics/1368168/adani-group-value-of-lic-holdings-adani-stocks-by-subsidiary/
The Economic Times, Value of LIC holdings in Adani stocks from January 24 to February 3, 2023 (in billion Indian rupees), by subsidiary Statista, https://www.statista.com/statistics/1368168/adani-group-value-of-lic-holdings-adani-stocks-by-subsidiary/ (last visited December 21, 2024)
Value of LIC holdings in Adani stocks from January 24 to February 3, 2023 (in billion Indian rupees), by subsidiary [Graph], The Economic Times, February 5, 2023. [Online]. Available: https://www.statista.com/statistics/1368168/adani-group-value-of-lic-holdings-adani-stocks-by-subsidiary/
