Had meeting with Adanis, happy about it: LIC chairman M R Kumar

Confirming a meeting with the top management of the Adani Group, Life Insurance Corporation Chairman M R Kumar said on Sunday that the interaction had gone well. ‘’There’s nothing I can state as of now on the outcome of that meeting. But yeah, we’ve had the meeting….we are quite happy about this meeting,” Kumar said on the sidelines of the 22nd Global Conference of Actuaries in New Delhi. He was responding to media queries on LIC’s recent interaction with the Adani Group in the context of the impact of the Hindenburg Research revelations on the insurance company. .

To a specific question on whether LIC was more confident on the business prospects of the group, Kumar said: “I believe so, we are quite happy with the meeting.’’