![[Toyota Times] Century as a Brand, Lexus as Innovation: All the Details on Toyota's New Project!](https://businessfortnight.com/wp-content/uploads/2025/10/Toyota-Times-Century-as-a-Brand-Lexus-as-Innovation-All-218x150.jpg "[Toyota Times] Century as a Brand, Lexus as Innovation: All the Details on Toyota's New Project!")
New Delhi, Jan 29 (PTI) Life Insurance Corporation (LIC) is ploughing more money into Adani group’s flagship firm as it continues to be a net gainer despite the plunge in stock prices following a short seller’s fraud allegations, filings and stock market data showed.
LIC, India’s largest life insurer, invested about Rs 300 crore in buying 9,15,748 more shares as an anchor investor in a Rs 20,000-crore new share sale by Adani Enterprises Ltd, according to a stock exchange filing of AEL.
Also Read | Beating Retreat Ceremony 2023 Video: Indian Tunes Based on Ragas, Drone Show Among Highlights of Annual Event at Vijay Chowk in Delhi.
The shares that LIC picked totalled 5 per cent of the stocks reserved for anchor investors.
In all 33 institutional investors put in Rs 5,985 crore as anchor investors in AEL. LIC already had 4.23 per cent stake in AEL, just like it has holding in other six listed companies of Adani Group.
Also Read | Jammu and Kashmir Lt Governor Manoj Sinha Launches QR Code-Based Labels of 13 GI and Non-GI Registered Crafts.
According to stock exchange information, LIC made a total investment of Rs 28,400 crore in Adani shares over the last few years. The value of these shares was Rs 72,200 crore before the report of the US short seller triggered a stock price crash over the last two trading sessions.
The value of shares that LIC holds in Adani group companies fell to Rs 55,700 crore but it still is a net gainer by Rs 27,300 crore over its original investment.
LIC holds 9 per cent in Adani Ports and Special Economic Zone, 3.7 per cent in Adani Transmission, 1.3 per cent in Adani Green Energy and 6 per cent in Adani Total Gas Ltd.
Other investors who formed part of the anchor investors in AEL’s follow-on public offer included Abu Dhabi Investment Authority and Al Mehwar Commercial Investment LLC.
AEL in the stock exchange filing said the FPO committee of its board of directors has finalised allocation of 1.82 crore shares to anchor investors at Rs 3,276 apiece, of which Rs 1,638 per share will be paid by now and the rest in subsequent calls.
(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)
