LIC-Adani row: LIC denies $3.9 Bn investment claim – Our Founder Mr. Shriram Subramanian speaks on the controversy with ET Now

Our Founder and MD, Mr. Shriram Subramanian, shared his views on ET NOW regarding the discussions surrounding LIC’s investments in the Adani Group and the broader implications for institutional governance and transparency.

He observed that LIC has acted in accordance with its board-approved investment policies and due diligence framework. He further noted that the claims of excessive exposure appear unsubstantiated and that the insurer’s governance and compliance mechanisms remain sound.

Mr. Shriram Subramanian highlighted that while regulatory action may not be warranted at this stage, maintaining transparency and proactive communication is essential to preserve institutional credibility. He also added that large institutional investors play a critical role in upholding market confidence through responsible disclosures and robust oversight practices.

With a focus on governance, he highlighted the importance of maintaining a thoughtful balance between encouraging innovation and upholding accountability. He also added that regulatory frameworks should continue to evolve in a constructive manner, one that safeguards investor interests while fostering sustainable and responsible corporate growth.

Watch the full ET NOW interview: https://x.com/ETNOWlive/status/1982643950117912893