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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The state-owned life insurer has invested over Rs 78,000 crore in the group, most of it coming in the last two years.
Editor's note: A significant obstacle in Gautam Adani’s quest to reach a $1 trillion (Rs 81.7 lakh crore) valuation for his Adani group has been cast aside. The billionaire has found an anchor for the group’s stocks in Life Insurance Corporation of India as he focuses on the next decade of business expansion. Over the past two years, LIC has been accumulating shares in five of the seven listed Adani companies. The country’s largest life insurer has over Rs 78,220 crore invested in the group, which is 4.9x what mutual funds have in the same stocks. A year ago, LIC’s Adani group exposure stood at Rs 32,100 crore. These investments make the Adani group the third largest investee entity for LIC after Reliance Industries and the Tata group. Unlike its rival conglomerates, the Adani group’s shares have always been largely held by the promoters and a clutch of foreign portfolio investors, or FPIs. Domestic institutional investors (DIIs), mutual funds and retail investors have mostly stayed away from investing in the company. This shareholding structure became particularly prickly when concerns were raised over …
The state-owned life insurer has invested over Rs 78,000 crore in the group, most of it coming in the last two years.
Editor's note: A significant obstacle in Gautam Adani’s quest to reach a $1 trillion (Rs 81.7 lakh crore) valuation for his Adani group has been cast aside. The billionaire has found an anchor for the group’s stocks in Life Insurance Corporation of India as he focuses on the next decade of business expansion. Over the past two years, LIC has been accumulating shares in five of the seven listed Adani companies. The country’s largest life insurer has over Rs 78,220 crore invested in the group, which is 4.9x what mutual funds have in the same stocks. A year ago, LIC’s Adani group exposure stood at Rs 32,100 crore. These investments make the Adani group the third largest investee entity for LIC after Reliance Industries and the Tata group. Unlike its rival conglomerates, the Adani group’s shares have always been largely held by the promoters and a clutch of foreign portfolio investors, or FPIs. Domestic institutional investors (DIIs), mutual funds and retail investors have mostly stayed away from investing in the company. This shareholding structure became particularly prickly when concerns were raised over …
The regulator’s shift to an auction-based close was meant to curb manipulation and mirror global markets. Instead, it has run into thin participation that is only amplifying distortions and volatility.
A regulatory easing could see the billionaire’s conglomerate move from running airports to owning an airline—an idea he is warming up to, with multiple options open.
After a strong listing, Vedanta Aluminium Metal is running into some headwinds. Aluminium prices are easing, but the sharper challenge is rising competition from Kumar Mangalam Birla and Gautam Adani.
The regulator’s shift to an auction-based close was meant to curb manipulation and mirror global markets. Instead, it has run into thin participation that is only amplifying distortions and volatility.
A regulatory easing could see the billionaire’s conglomerate move from running airports to owning an airline—an idea he is warming up to, with multiple options open.
After a strong listing, Vedanta Aluminium Metal is running into some headwinds. Aluminium prices are easing, but the sharper challenge is rising competition from Kumar Mangalam Birla and Gautam Adani.
