LIC's Adani portfolio declines by Rs 8,683 crore in one day amid sell-off

LIC, holding stakes in seven Adani Group companies, saw an Rs 8,683 crore erosion in its holdings on Thursday due to the Adani Group's stock price decline following the US bribery allegations. Adani Enterprises suffered the most, with a Rs 2,962 crore loss in LIC's holdings. Adani Ports followed with a Rs 2,959 crore loss.