Amidst the stock market uproar, the Hindenburg Research report hurt Adani Group shares further. In the past two sessions, shares of Adani Group have underperformed major benchmark indices, leading to huge losses for its retail and institutional investors. Life Insurance Corporation of India (LIC) is one such domestic institutional investor (DII) which has a major stake in Adani Group shares. LIC has made losses in the last two days 16,580 crores. among these 16,580 crore loss in last two days, loss to LIC 6,232 crore in Adani Total Gas, a stock of Adani Group in which it holds 5.96 per cent stake.
Here we list complete details regarding LIC shareholding Adani Group The stock and its losses after the Hindenburg Research report went public:
1]Adani Enterprises: LIC holds 4,81,74,654 shares in this flagship company of Adani Group, which is 4.23 per cent of the total paid-up capital of the company. In the last two days, Adani Enterprises share price has fallen from 3,442 2,768.50 level on the NSE, which means Adani Enterprises shares have declined 673.5 each in the last two days. According to Adani Enterprises Ltd’s shareholding data for the October to December 2022 quarter, LIC holds 4,81,74,654 shares of Adani Enterprises. it means lic lost 3,245 crore ( 673.50 x 4,81,74,654) The Adani Enterprises stock has declined in the last two days.
2]Adani Ports: As per the shareholding pattern of this company for Q3FY23, LIC holds 19,75,26,194 shares of the company or 9.14 per cent stake in the company. Adani Port’s share price has declined in the last two days from 761.20 604.50 each level, lose 156.70 per share in two sessions. Since LIC holds 19,75,26,194 shares of Adani Port, net LIC has incurred losses in these two days. 3,095 crore ( 156.70 x 19,75,26,194).
3]Adani Transmission: As per the shareholding data of Adani Transmission For the October to December 2022 quarter, LIC holds 4,06,76,207 shares or 3.65 per cent stake in the company. Adani Transmission share price has declined in the last two days from 2,762.15 2,014.20 each, Lose 747.95 per share in these two days. As LIC holds 4,06,76,207 shares of Adani Transmission, LIC’s net loss in the last two days is around the fall in Adani Transmission shares 3,042 crore ( 747.95 x 4,06,76,207).
4]Adani Green: As per the shareholding pattern of Adani Green Energy Ltd. For the recently ended December 2022 quarter, LIC held 2,03,09,080 shares or 1.28 per cent stake in the company. Adani Green share price has fallen 430.55 each in the last two days, leading to a close 875 crore loss in the last two seasons
5]Adani Total Gas: As per the shareholding pattern of Adani Total Gas for the recently ended December 2022 quarter, LIC holds 6,55,88,170 shares or 5.96 per cent stake in the company. Adani Green share price has fallen 963.75 each in the last two days, leading to a close 6,323 crore loss in last two seasons
So, adding all these losses incurred by LIC in the last two sessions, LIC has lost approx. 16,580 crore due to heavy selling in the above five shares of Adani Group.
Know your inner investor
Do you have guts of steel or are you a victim of insomnia regarding your investments? Let’s define your investment approach.
catch all business News, market news, breaking news events and breaking news Update on Live Mint. download mint news app To get daily market updates.