LIC doubles down on Adani amid short seller row
New Delhi, 27/1: India’s largest life insurer is plowing more money into Gautam Adani’s flagship unit, undeterred by a short seller’s fraud allegations that wiped out more than Rs 4,08,122 ($50 billion) of the conglomerate’s market value in two sessions. State-controlled Life Insurance Corp. of India is spending about Rs 302 crore ($37 million)…
