Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Jan 30, 2023

"Have Right To Ask Questions": LIC To Talk To Adani Over Hindenburg Report

"Have Right To Ask Questions": LIC To Talk To Adani Over Hindenburg Report
We are not sure what is the factual position, said LIC Managing Director Raj Kumar.

India's Life Insurance Corporation (LIC) on Monday said it will talk to management of Adani Group within days after U.S. short-seller Hindenburg Research accused the conglomerate of high debt levels and the use of tax havens.

"Presently there is a situation that's emerging and we are not sure what is the factual position ... Since we are a large investor we have the right to ask relevant questions and we will definitely engage with them," LIC Managing Director Raj Kumar told Reuters.

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search