'LIC More Confident Of Adani Group Business After Meeting Top Management', Says M.R. Kumar

LIC Chairperson MR Kumar on Sunday said that the life insurance behemoth has met up with the Adani Group's top management. LIC is more confident of its business prospects with the group, post its meeting, Kumar told CNBC-TV18.

Early last month, Kumar had said that LIC officials were planning to meet up with the Adani Group's top management to seek clarification on the crisis it was facing post the US-based short-seller Hindenburg Research report.

LIC's investment into the conglomerate's stock had come under criticism by investors as well as political leaders after the Hindenburg allegations against the group.

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