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LIC Loses Over Rs 8,500 Crore As Adani Enterprises

A person passes next to a LIC (Life Insurance Corporation of India) office in Kolkata, India, on November 24, 2024. State-run insurer Life Insurance Corporation of India (LIC), which has stakes in seven Adani Group stocks, witnesses an erosion of Rs 8,683 crore in the overall holding value in a single session on Thursday after a US court indicts Chairman Gautam Adani and several others in a $250 million bribery case, as per a media report. (Photo by Sudipta Das/NurPhoto)

Photo ID	#11806253
Date Taken	24 November 2024
Location	N/A
Photographer	Sudipta Das/NurPhoto
Category	Human Interest
Copyright	© 2026 NurPhoto - Sudipta Das/NurPhoto

digital payment money economics finance business India Kolkata West bengal South Asia UPI payment banking market share market Paytm app digital transaction global market world bank street shop QR code payment rupee Indian economy adani issue Lic adani LIC Life Insurance Corporation of India Kolkata India Adani Group stocks holding value erosion US court indictment Chairman Gautam Adani bribery case media report Rs 8 683 crore $250 million session state-run insurer Sudipta Das NurPhoto 24 November 2024 office stakes single session Thursday overall holding value indictment Adani Group stocks LIC office Kolkata office media.