LIC has reduced its stake in Adani Ports by 2% between 2022 and 2025. View the details

LIC has reduced its stake in Adani Ports by 2% between 2022 and 2025. View the details

India’s largest domestic institutional investor Life Insurance Corporation of India (LIC) has sold nearly 2% stake in Adani Ports and Special Economic Zone (APSEZ) between November 2022 and December 2025, bringing its stake down to 7.34%, according to APSEZ’s filing with the stock exchanges on Friday.LIC had earlier held 9.35% stake in the APSEZ, which accounted for over 19.75 crore shares. It has sold nearly 3.9 crore shares in the open market, the filing showed.

Shares of Adani Ports today ended at Rs 1,522.40, up by Rs 19.30 or 1.3% from Thursday’s closing price. The Nifty stock outperformed benchmark indices Nifty and Sensex with a one-year return of 23% compared to Nifty’s 5.7% and Sensex’s 4.6%.According to Trendlyne data, the stock is currently trading above its 50-day and 200-day moving averages of Rs 1,467.6 and Rs 1,359.5 respectively.

Also read: LIC uses Cipla’s dip as entry point and increases stake by 2% to 7.05%


LIC stake in Adani shares

LIC has stakes in seven shares of the Adani group. It has stakes in Adani Enterprises (4.16%), Adani Energy Solutions (3.42%), Adani Green Energy (1.30%), Adani Total Gas (6.02%), ACC (9.95%) and Ambuja Cements (7.31%). LIC does not have any stake in Adani Power, Sanghi Industries and NDTV.

The Gautam Adani-owned company’s consolidated net profit attributable for the second quarter ended September 2025 stood at Rs 3,109.05 crore, up 27% year-on-year (year-on-year) compared to Rs 2,445 crore in the previous corresponding quarter last year. Meanwhile, the company’s consolidated revenue for the quarter stood at Rs 9,167.46 crore, up 29.7% year-on-year compared to Rs 7,067.02 crore in the same period last year.

The company said earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter stood at Rs 5,550 crore, up 27% year-on-year, while EBITDA for the first half of FY26 reached Rs 11,046 crore, registering an annual increase of 20%.

Also read: JSW Energy block deal: Rajiv Jain-backed GQG Partners sells stake worth Rs 677 crore

(Disclaimer: The recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of The Economic Times.)

#LIC #reduced #stake #Adani #Ports #View #details

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *