On Tuesday, the Congress said that the public-sector LIC is being “forced” to use the money from its policyholders to “bail out” the Adani company and emphasised that the call for a JPC investigation is “essential and urgent.” LIC’s holding in Adani Enterprises, one of the listed companies in the Adani Group, increased from 1.32 percent at the end of June 2021 to 4.23 percent by the end of December 2022, according to a statement from Congress General Secretary for Communications Jairam Ramesh.
