Hindenburg Report / LIC Chairman MR Kumar's statement, will meet the top management of Adani Group; this conversation will happen

Hindenburg Report: There was a stir in the market after Hindenburg's report came out on the shares of Adani Group companies. In this whole matter, the government is facing a lot of criticism regarding the investment of LIC in Adani Group. Apart from this, it was also being said that SBI has also given huge loan to Adani Group. After this, the SBI chairman issued a statement saying that a loan of 27000 crores has been given to the Adani group by the bank.

Will seek clarification regarding the crisis in the group

Now Life Insurance Corporation of India (LIC) Chairman MR Kumar said that the officials of the big public sector insurance company will hold a meeting with the top management of Adani Group. During this, clarification will be sought regarding the crisis in various business related groups. Opposition parties as well as investors are criticizing LIC's investment in Adani Group. Shares of many group companies continue to decline after the report of Hindenburg, an American financial research and investment company. In the report, Adani Group has been accused of alleged market manipulation and accounting fraud.

Warned of legal action

Adani Group, rejecting Hindenburg's report outright, warned of legal action. While announcing the financial results, the LIC chairman said, "Although our investors team has already sought clarification from the Adani Group, our top management will contact them on the matter." We were busy with the financial results right now. We will meet him soon and seek an explanation from him. We want to understand what is happening with the market and the group." Kumar, however, did not give any timeline for the meeting between LIC and the Adani group.