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

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.

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