LIC Has Invested Nearly ₹50,000 Crore in Adani Group Companies, Says Govt in Winter Session 2025

LIC has invested nearly ₹50,000 crore in 7 companies linked to the Adani Group. This includes names like Adani Enterprises Ltd, Adani Total Gas Ltd, Adani Green Energy Ltd, Adani Energy Solutions Ltd, APSEZ, Ambuja Cements Ltd, and ACC Ltd. Its debt investment in APSEZ ranks as LIC’s fifth-largest debt exposure in the private sector.

Breakdown of LIC Investments in Adani Group Companies

The government has stated that it does not issue any directions or advisories to LIC regarding investments. All investments are carried out after thorough due diligence, risk assessment, and fiduciary compliance by LIC itself.

Note: The ₹5,000 crore in secured NCDs is specifically in Adani Ports and SEZ Ltd (APSEZ).

Who Checks LIC’s Investment Functions Periodically? 

The government highlighted that LIC’s investment functions are regularly audited and reviewed. Periodic inspections are also conducted by IRDAI, ensuring transparency and compliance with regulations.

LIC follows the Insurance Act, 1938, and regulations issued by the Insurance Regulatory and Development Authority of India (IRDAI), Reserve Bank of India (RBI), and Securities and Exchange Board of India (SEBI).

Earlier reports suggested that LIC’s investments in Adani Group bonds and equity were coordinated with the finance ministry and other government bodies. The ministry, however, reaffirmed that LIC follows its own procedures and policies when making investment decisions.

How Much Does LIC Invest in Other Top Companies in India?

LIC primarily invests in the top 500 listed companies on NSE and BSE. Equity holdings in Nifty 50 companies alone stood at ₹4,30,776.97 crore as of 30 September 2025. This constituted nearly 45.85% of LIC’s total equity investments. 

Read more: Tax Treaty Changes Could Lead to Higher Taxes for Indians Returning from the US.

Conclusion

LIC’s nearly ₹50,000 crore exposure to Adani Group companies reflects its focus on large, established firms while following strict due diligence and compliance procedures. These investments aim to balance growth opportunities with regulatory safeguards, demonstrating LIC’s investment strategy. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.