Life Insurance Corporation of India (LIC), the country's biggest institutional investor, has reduced its stake in Adani Ports over the last month. According to the latest exchange filing, LIC now holds around 7% of Adani Ports, down from 9.35% previously.
LIC sold 3.89 crore shares of Adani Ports, which is equivalent to a 2.007% stake, between November 11 and December 10. The shares were sold through the open market. Before this sale, LIC held 19.75 crore shares, or a 9.35% stake, in Adani Ports.
LIC has investments in 7 out of 10 Adani group companies, including Adani Ports. The company holds the highest stake in ACC, a cement manufacturer, in terms of percentage. As of the last quarter, LIC's total exposure to the Adani Group is around ₹48,284.62 crore in equity and debt.
Despite LIC reducing its stake, Adani Ports' share price has remained strong. The company's share price has risen 24% on a year-to-date basis and has added 22% over the past year. Long-term investors have seen multibagger returns, with the share price increasing by 225% and 528% over the past 5 and 10 years, respectively.
Adani Ports recently reported a 29% rise in consolidated net profit at ₹3,120 crore, driven by strong growth in logistics, marine, and international operations. The company's total income also increased to ₹10,004.06 crore in the July-September 2025-26 period, up from ₹7,372.37 crore in the year-ago quarter.
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