Resurfacing February 2023 data: LIC's Adani equity holdings had fallen 11% below purchase cost to Rs 26,862 crore

LIC’s Adani group equity holdings fell to Rs 26,862 crore as of Thursday, down 11% from their Rs 30,127 crore purchase value. The conglomerate’s market capitalisation tumbled to Rs 7.15 lakh crore following Hindenburg Research’s allegations.

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Source published First seen

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The numbers

Adani Group market capitalisation loss: Rs 12.02 lakh crore

Why it matters to operators and investors

LIC’s Adani equities were valued at Rs 26,862 crore on February 23, 11% below purchase cost, highlighting concentration risk without establishing a realised loss.

What to watch next

  • LIC disclosures showing purchases or sales of Adani shares
  • LIC’s Adani equity valuation relative to its Rs 30,127 crore purchase cost
  • Adani announcements of refinancing, repayments or asset sales
  • Changes in Adani pledged-share disclosures or financing terms