LIC’s share in the Adani Group stocks fell by over 16,000 crore.
The fall in the price of stocks of the Adani group showed simultaneous damage on India’s largest life insurer, Life Insurance Corporation (LIC) of India.
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Due to all these losses, Gautam Adani, who occupied the third spot in the Forbes list of billionaires, slipped to 7th slot on Friday.
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