Life Insurance Corporation of India (LIC) has made net gains of Rs 27,300 crore from investments in Adani Group shares.
LIC's total investment in Adani shares has been at Rs 28,400 crore. The value of these shares before the crash of last week was Rs 72,200 crore.
The crash happened because of a research report by short seller, Hindenburg Research.
Still, the value of Adani Group shares held by LIC is at Rs 55,700 crore and LIC's net gain is Rs 27,300 crore.
Adani Group has said in an earlier statement that accounting (or fraud type assertions) "investigation" by Hindenburg are devoid of facts. Of the Adani portfolio's 9 public listed entities, 8 are audited by one of the Big 6.
On leverage or over leverage issue 100 of our various companies are rated (these account for nearly 100 per cent of our EBITDA), Adani Enterprises said in a stock exchange filing.
On revenue or balance sheet being artificially inflated or managed - out 9 listed companies in Adani portfolio, 6 are subject to specific sector regulatory review for revenue, costs and capex, Adani Group said.
"In relation to governance, 4 of our large companies are in top 7 per cent of the peer group in Emerging markets or the sector or the world. On the LAS position, do note that overall promoter leverage is less than 4 per cent of promoter holding, the group said.
Cong seeks discussion in LS, dignified treatment for deported Indians by US
The Indian nationals who were deported from the US for illegally arriving in the country on Wednesday claimed that they were sent back on the military aircraft with their hands and legs cuffed throughout the journey.
J&K mysterious deaths: All pesticide, insecticide shops sealed in Rajouri district
All pesticide and insecticide shops have been sealed by authorities in Jammu and Kashmir’s (J&K) Rajouri district as part of preventive measures taken after 17 ‘mysterious deaths’ took place in Budhal village, officials said on Thursday.
Pariksha Pe Charcha: PM Modi to engage with students; Sadguru, Mary Kom, Deepika to join discussion
The much-anticipated eighth edition of 'Pariksha Pe Charcha' (PPC) is set to return in an expanded format, featuring an array of distinguished experts and guests, alongside Prime Minister Narendra Modi.
Maha Kumbh: 25,000 tribal devotees to take holy dip at Triveni Sangam
In a historic event, around 25,000 devotees from tribal communities across the country will converge at the Maha Kumbh in Prayagraj to take a holy dip at the Sangam and pledge to safeguard their religion, culture, and traditions.
White House dials down Trump's plan to 'take over' Gaza
The White House said on Wednesday that President Donald Trump had not committed any funds for his proposal for the US to take over Gaza or deploy troops there for that purpose.
After US, Israel withdraws participation from UN Human Rights Council
A day after US President Donald Trump announced America's withdrawal from the United Nations Human Rights Council (UNHRC), Israel's Minister of Foreign Affairs, Gideon Sa'ar, has said that Israel would also join the US in its decision not to participate in the UNHRC.
Bangladesh founder Sheikh Mujibur Rahman's house vandalised, set on fire by mob in Dhaka
A large group of protesters on Wednesday vandalised and set on fire Bangladesh founder Sheikh Mujibur Rahman's residence in Dhaka during a live online address of his daughter and former Prime Minister Sheikh Hasina.
UN chief speaks out against 'ethnic cleansing’ in context of Trump plan to clear Gaza
United Nations Secretary-General Antonio Guterres has spoken out against "ethnic cleansing" in Gaza after US President Donald Trump suggested ousting Palestinians living there to neighbouring countries.