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LIC

India's LIC and public sector banks are reassessing their Adani stakes

Quartz

qz.com › indias-lic-and-public-banks-reassess-adani-stakes-1850052061

US-based Hindenburg Research’s allegations of fraud against India’s Adani group have sparked panic among investors since Jan. 25. Since the publication of the damning report, the conglomerate’s seven listed companies have lost $68.3 billion, nearly a third of their market value.

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