{"id":100519,"date":"2023-04-12T18:50:00","date_gmt":"2023-04-12T13:20:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=100519"},"modified":"2023-04-12T18:32:48","modified_gmt":"2023-04-12T13:02:48","slug":"lic-increases-stake-in-these-4-adani-group-stocks-even-after-hindenburg-report","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/lic-increases-stake-in-these-4-adani-group-stocks-even-after-hindenburg-report\/","title":{"rendered":"LIC Increases stake In these 4 Adani Group stocks\u00a0even after Hindenburg Report"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-986131644\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Mutual funds have mostly trimmed their stakes in Adani Group companies after the Hindenburg Report, however, the Life Insurance Corporation of India (LIC) has upped its stake in four companies of the group in the January to March quarter of 2023 (Q4FY23), amid the massive sell-off.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4194067056\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>LIC has increased its stake in Adani Green Energy, Adani Total Gas, Adani Enterprises and Adani Transmission, but it pared a stake in Ambuja Cements and Adani Ports &amp; Special Economic Zone, according to data available on the exchanges.&nbsp;<\/p><p>The insurance leviathan\u2019s stake in <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ADANIENT\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Adani Enterprises<\/a><\/strong> has increased from 4.23% in the December quarter (Q3FY23) to 4.26% in the March quarter (Q4FY23).\u00a0<\/p><p>LIC upped its stake in Adani Green Energy from 1.28% in the December quarter to 1.36% in the March quarter, in Adani Transmission from 3.65% to 3.68% and in Adani Total Gas from 5.96% to 6.02%.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3495036752\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Meanwhile, it decreased its stake in <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/AMBUJACEM\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Ambuja Cements<\/a><\/strong> from 6.33 percent in the December quarter of 2022 to 6.3% in the March quarter of 2023. Similarly, it decreased its stake in Adani Ports and Special Economic Zone from 9.14 percent to 9.12 percent.\u00a0<\/p><p>In January this year, Hindenburg Research ignited a firestorm by releasing a report that accused the Adani Group of a brazen stock manipulation and accounting fraud scheme over the course of decades, sparking a massive sell-off in the group&#8217;s shares and pushing business tycoon Gautam Adani lower on the World Billionaire Index.&nbsp;<\/p><p>However, reports suggested that it was not known whether LIC increased its stake in Adani Group companies before the report or after. In fact, the insurance major\u2019s investments in the beleaguered group caused a political uproar as it is public money. Later, LIC issued a statement assuring the investors that their money is safe.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-4179415207\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Mutual funds have mostly trimmed their stakes in Adani Group companies after the Hindenburg Report, however, the Life Insurance Corporation of India (LIC) has upped its stake in four companies of the group in the January to March quarter of 2023 (Q4FY23), amid the massive sell-off.&nbsp; LIC has increased its stake in Adani Green Energy, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":15408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1513,31],"tags":[3414,1249,422,220,529,533,2780,5064,8416,8417,8418,948,936,3153,3157,2597],"class_list":["post-100519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news","tag-adani-enterprises","tag-adani-green-share","tag-adani-group-latest-news","tag-adani-group-shares","tag-adani-ports-news","tag-adani-power-news","tag-ambuja-cement-share-price","tag-lic-holdings","tag-lic-holdings-in-adani-group","tag-lic-holdings-in-adani-group-2023","tag-lic-increases-stake-in-adani-group","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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