LIC’s big bet! Loan of ₹ 5,000 crore given to Adani Ports, know the reason | Paisa Live


LIC has purchased the entire non-convertible debenture (NCD) of ₹ 5,000 crore of Adani Ports. This is a 15 -year bond on which LIC will get an interest of 7.75%. This means LIC has given a loan to Adani Ports for 15 years. LIC already has an 8.06% stake in Adani Ports. In FY25, LIC has invested a total of ₹ 80,000 crore in corporate bonds, showing that LIC is playing a big role in corporate finance. In this video, know what this big deal of LIC and Adani Group means and how can both benefit from both.



Source link

support@headlinenews360.com

Related Posts

IndiGo doubles wide-body aircraft order – Times of India

NEW DELHI: IndiGo doubled its wide body aircraft order by confirming the option for 30 wide body Airbus A350s. Now the airline has 60 A350s on firm order and has…

‘Tesla not interested in manufacturing in India’: H D Kumaraswamy – Times of India

New Delhi: Tesla is not interested in manufacturing cars in India, but is keen to have showrooms to sell its vehicles, heavy industry minister H D Kumaraswamy said on Monday.Officials…

Leave a Reply

Your email address will not be published. Required fields are marked *