Have Right To Ask Questions

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'Have Right To Ask Questions': LIC To Talk To Adani Over Hindenburg Report

We are not sure what is the factual position, said LIC Managing Director Raj Kumar.

New Delhi:

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.

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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