Archive · 3 Jun 2025
Rahul Gandhi Criticizes LIC Investment in Adani Group
Imagine a company, Adani Ports, needed money.
A big insurance company called LIC, which holds money from many people, gave Adani Ports a loan.
A politician, Rahul Gandhi, is not happy because he thinks the money is coming from the public, but it's helping a private company.
Adani Ports said they're doing well and the loan has good terms.
The loan is a type of bond, and LIC was the only one to buy it, meaning they gave all the money.
Gandhi feels that people's savings are being used for someone else's gain.
Rahul Gandhi criticized LIC's ₹5,000 crore investment in the Adani group.
Gandhi alleges public funds are used to benefit private entities.
LIC was the sole buyer in Adani Ports' bond sale.
Adani Ports raised funds through a 15-year NCD.
The bond has a competitive coupon rate of 7.75% and a AAA/Stable credit rating.
- Who
- Rahul Gandhi, Life Insurance Corporation (LIC), Adani Group
- What
- Rahul Gandhi criticized LIC's investment of ₹5,000 crore in the Adani group.
- When
- June 3, 2025
- Where
- India
- Why
- Rahul Gandhi alleges public funds are being used to benefit private entities.
Rahul Gandhi
Adani Group & LIC
Investment Concerns
Rahul Gandhi
Rahul Gandhi criticized LIC's investment, alleging public funds benefit private entities.
Adani Group & LIC
Adani Ports raised funds through a bond issue, fully subscribed by LIC, highlighting strong financials and a good credit rating.
- Investment Amount
- ₹5,000 crore
- Investor
- LIC
- Recipient
- Adani Ports
- Bond Type
- 15-year Non-Convertible Debenture (NCD)
- Coupon Rate
- 7.75% per annum
- Credit Rating
- AAA/Stable