LIC Investment: Finance Ministry’s $3.9 B Investment Directive to LIC
LIC Investment: In May 2025, internal documents show that the Indian finance ministry, through the Department of Financial Services (DFS) and in coordination with NITI Aayog, approved a plan to steer approximately $3.9 billion of LIC funds into the Adani Group. Of that, roughly $3.4 billion was targeted for bonds issued by Adani subsidiaries (ports, green energy) and about…