American firms also invested in Adani Group: Apart from LIC, 5 companies including Athene Insurance and DZ Bank invested about $ 250 million.

Life Insurance Corporation of India (LIC)’s investment in Adani Group companies may be in the headlines, but recent figures are revealing a different picture. Some of the biggest investments in billionaire Gautam Adani’s units have come not from LIC, but from major US and global insurance companies.

Data revealed that in June 2025, a month after LIC invested Rs 5,000 crore in Adani Ports & SEZ, American Athene Insurance invested Rs 6,650 crore in Adani’s Mumbai International Airport.

Global lenders such as DBS Bank, DZ Bank, Robobank and Bank Sinopec Company have also invested about $250 million in Adani Energy. According to S&P’s August report, it has secured $10 billion of new loan facilities for four of its units in the first half.

In fact, the Washington Post report had alleged government interference in LIC’s investment decisions. It has been said in the report that LIC invested 3.9 billion dollars i.e. about 33 thousand crore rupees in Adani Group.

Adani Group called Washington Post’s report wrong

Adani Group has said that the Washington Post report is completely wrong. Instead of refinancing, the company prepaid its loan of $450 million in June. Group CFO Jugeshinder Singh said, Washington Post writing on finance is like me and Jeff Bezos writing articles on hair.

LIC said that the investment in Adani Group was made after independent investigation and board approval. LIC’s investment value was Rs 1.56 lakh crore in 2014. increased to Rs 15.6 lakh crore. Former LIC Chairman Siddharth Mohanty said, the government does not interfere in the investment decisions of the company.

Life Insurance Corporation has 4% shares of Adani.

India’s largest insurance company has taken investment decisions in various companies in the last few years. Its investment value in India’s top 500 companies has increased 10 times since 2014, from Rs 1.56 lakh crore to Rs 15.6 lakh crore.

Its investment in Adani Group is less than 2% of the group’s total debt of Rs 2.6 lakh. Moreover, Adani is not the largest holding of LIC, but Reliance Industries Limited, ITC and Tata Group are.

LIC holds 4% shares of Adani worth about Rs 60,000 crore, while Reliance has 6.94% shares worth about Rs 1.33 lakh crore, ITC Limited has 15.86% shares worth Rs 82,800 crore, HDFC Bank has 4.89% shares worth Rs 64,725 crore and SBI has 9.59% shares worth Rs 79,361 crore. LIC holds 5.02% stake in TCS, worth Rs 5.7 lakh crore.

Congress demanded investigation of the matter by parliamentary committee

Congress quoted American media reports as saying that the insurance company made this investment in May 2025 to benefit Adani Group. The party says that the hard-earned money of the customers was misused. Congress has demanded an investigation by the Public Accounts Committee (PAC) of Parliament.

At the same time, TMC MP Mahua Moitra has posted the report of The Washington Post on social media, according to which, when Gautam Adani was deeply in debt earlier this year and was facing bribery charges in America, then the Central Government and LIC invested in Adani Group.

Adani is the second richest man in Asia

Gautam Adani is the second richest person in Asia. According to Forbes, his net worth is Rs 6.22 lakh crore. He is at number 27 in the list of the world’s richest people. Adani Group’s empire extends to coal trading, mining, logistics, power generation, cement industry and distribution.