The Life Insurance Corporation of India, one of the biggest Indian insurance companies and also one of the most prominent investors of the Adani Group, has recently capitalised on the rise in Adani Group’s stocks to book profits. The latest shareholding data for the December quarter has shown that LIC has reduced its holdings in Adani Enterprises, Adani Energy Solutions, and Adani Ports. This has led to the sale of a combined total of 3,72,78,466 shares in three of these companies. 

In contrast, LIC purchased 4,500 shares of Ambuja Cements during that particular period. This venture has been a profitable one for LIC. It has been able to acquire the maximum return from its investments. This huge decision by The Life Insurance Corporation of India also reflects the investors’ trust in the various proceedings of the Adani Group. It will lead the conglomerate to the path of success. The Adani Group will also recover from the losses it suffered during the Adani SEBI probe.

The Current Stakes of LIC India in Adani Companies:

LIC stakes in Adani Energy Solutions went from 3.68% in September to 3% in December. This coincided with the 42% rise in the stock’s value. Likewise, the stakes of Adani Enterprises reached from 4.23% to 3.93% as the stocks grew by 29% in the same period. In Adani Ports, LIC reduced its stakes from 9.07% to 7.86 % as the stocks surged over 46 %. All these are seen as strategic moves by LIC. It also highlights the trust that the investors hold in the conglomerate. LIC has made an INR 20,000 crore investment in Adani Ports. This is the most significant investment made by LIC in the Adani Group stocks. LIC has constantly maintained its stakes in some of the other subsidiaries of the business group. This includes ACC, Adani Total Gas, and Adani Green Energy stakes. Adani Green energy stocks have witnessed the highest growth. It has increased over 73% during the third quarter.

What Caused the Adani Stock Values to Rise?

The decision of the Supreme Court to not transfer the Hindenburg investigation to other entities like SIT or CBI and allow the Securities and Exchange Board of India (SEBI) to continue the investigation has led to a massive rise in Adani stocks. While some investigators have interpreted this as a justification of the Adani Group, the outcome still resides in the hands of SEBI. Adani SEBI has completed 22 of 24 investigations, and no such claims have been found against the Adani Group yet. The Supreme Court has already ordered SEBI to wrap up the investigations soon. This has served as a massive sign of encouragement for the investors to make more investments in the various operations of the Adani Group. It also brought an end to the false accusations of stock manipulation.

The Current Investors of the Adani Group:

The Adani Group has always been in the attention of investors from all across the globe. Time and again, the company has undertaken numerous ventures to drive the attention of investors towards its various investors. The ventures have also been very profitable for the investors. Its diversified portfolio and journey towards global acquisition also caused investors to pay attention to the business group’s proceedings. Although the Adani Group did have to lose a lot of investors during the Hindenburg crisis, it soon recovered from the situation after the Supreme Court cleared the Adani Group of all allegations, and Adani SEBI could not come up with anything against the Adani Group.

The investors once again started to make huge investments in the various shares of the Adani Group, one of the most prominent investors being Rajiv Jain of Adani Group. Other big names include Qatar Investment Authority (QIA), TotalEnergies (TTE), and International Holding Company (IHC). This has paved the path towards profitability for the business group. It has also encouraged the conglomerate to invest more in the upcoming years. With time, the stock values are expected to continue to rise, and the investors will continue to profit more from the Adani Group’s proceedings.

Conclusion: 

LIC’s investment in Adani companies was a profitable venture for the organisation. It also proved to the world what good can come from investing in the Adani Group stocks. With time, we will get to see more investors putting their trust in Adani ventures. This will not only allow the conglomerate to continue achieving what it aims to achieve, but it will also lead to overall growth in the global economy.