{"id":550999,"date":"2023-01-30T11:15:16","date_gmt":"2023-01-30T05:45:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=550999"},"modified":"2023-01-30T12:47:45","modified_gmt":"2023-01-30T07:17:45","slug":"lic-continues-to-bet-big-on-adani-remains-in-green-despite-share-price-rout","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lic-continues-to-bet-big-on-adani-remains-in-green-despite-share-price-rout\/","title":{"rendered":"LIC continues to bet big on Adani, remains in green despite share price rout"},"content":{"rendered":"<p>Life Insurance Corporation (LIC) is ploughing more money into Adani group&#8217;s flagship firm as it continues to be a net gainer despite the plunge in stock prices following a short seller&#8217;s fraud allegations, filings and stock market data showed. <\/p>\n<p>LIC, India&#8217;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. <\/p>\n<p>The shares that LIC picked totalled 5 per cent of the stocks reserved for anchor investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Life Insurance Corporation (LIC) is ploughing more money into Adani group&#8217;s flagship firm as it continues to be a net gainer despite the plunge in stock prices following a short seller&#8217;s fraud allegations, filings and stock market data showed. LIC, India&#8217;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. The shares that LIC picked totalled 5 per cent of the stocks reserved for anchor investors.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,234],"tags":[],"class_list":["post-550999","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-power-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/550999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=550999"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/550999\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=550999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=550999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=550999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}