LIC: No govt directive to invest in any Adani entity
NEW DELHI: Days after Washington Post reported that the Centre had asked LIC to invest in Adani Group companies, the state-run player has said that it did not receive any instructions from the govt for investing in any entity of the conglomerate.
On Saturday, LIC had denied the report saying that the company's investment decisions are taken independently by its board after due diligence. Rebutting the Post report, it said that the department of financial services or other agencies do not have any role to play in such decisions
On Saturday, LIC had denied the report saying that the company's investment decisions are taken independently by its board after due diligence. Rebutting the Post report, it said that the department of financial services or other agencies do not have any role to play in such decisions
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