LIC says it will talk to Adani over short seller allegation: Report

Reuters | | Posted by Ritu Maria Johny

India’s Life Insurance Corporation (LIC) on Monday said it will talk to management of Adani Group within days after U.S. short-seller Hindenburg Research accused the conglomerate of high debt levels and the use of tax havens.

“Presently there is a situation that’s emerging and we are not sure what is the factual position … Since we are a large investor we have the right to ask relevant questions and we will definitely engage with them,” LIC Managing Director Raj Kumar told Reuters.