LIC, the country's largest institutional investor, recently increased its stake in Adani Group's cement company ACC. LIC has taken its stake in ACC to over 10 per cent.

LIC increases Adani's stake in ACC; what is the government's opinion? Learn the full story.

LIC Investment: LIC, the country's largest institutional investor, recently increased its stake in Adani Group's cement company, ACC. According to various media reports, LIC has increased its stake in ACC to over 10 per cent. The opposition has repeatedly criticised the ruling BJP over LIC's investments in various Adani Group companies.

The opposition has been consistently attacking the issue. The government has maintained its position regarding the investment in SCC. On Monday, Finance Minister Nirmala Sitharaman stated that the Ministry of Finance does not issue any advice or directives to LIC on investment decisions. She also stated that the investment was made in accordance with established standard operating procedures (SOPs).  

The Finance Minister gave information.

Giving information in the Lok Sabha, Finance Minister Sitharaman said that the country's largest insurance company, LIC, has invested in more than half a dozen listed companies of the Adani Group, worth Rs 38,658.85 crore.

According to the Finance Minister, investment decisions over the past few years have been made based on fundamentals and detailed efforts. Regarding the investment in ACC, he clarified that no directives were issued by the Ministry regarding this investment. This investment was made in full accordance with SOPs.

In which companies are you investing?

Finance Minister Sitharaman said that LIC, following the approval of its board and the prescribed procedures, has invested Rs 5,000 crore in the secured NCD of Adani Ports Special Economic Zone in May 2025.

He also said that LIC generally invests in the top 500 listed companies of NSE and BSE, and a major part of its portfolio is invested in these big companies.