Congress leader Rahul Gandhi on Tuesday swipe on the public sector LIC’s investment of Rs 5,000 crore in the Adani Group, while highlighting that public funds are being used to benefit private institutions.
“Money, policy, premiums are yours; benefits for security, convenience, Adani!” Gandhi in Hindi. In a post on Adani Ports and Special Economic Zone Limited (APSEZ), India’s largest integrated transport utility, said last week that it had raised Rs 5,000 crore in its biggest domestic bond issue.
APSEZ raised funds from India’s Life Insurance Corporation through a 15-year non-convertible debenture (NCD) (NCD) (LIC), The firm said in a statement.
Tight, armor, clever, tight,
Afsya, Molecule, Anuna Tad! pic.twitter.com/7czllg4pud– Rahul Gandhi (@Rulgandhi) June 3, 2025
The NCD was lifted at a coupon rate of 7.75 percent per year per year.
Supported by “strong financial and ‘AAA/Stable’ domestic credit rating of the apps, the issue was closed at a competitive coupon rate of 7.75 percent PA and was fully subscribed by LIC. The debenture will be listed on BSE,” it is said.
Gandhi has alleged that the public funds of LIC collected through the insurance premium of the general public have been invested in the Adani Group. LIC is the state -run domestic financial institution that invests in the Indian stock market.
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