As Corrupt Media Barrons keep saying LIC will save Adani..
But the bigger Question Is, WHO WILL SAVE LIC?
This is a very short Blog on LIC , the Life Insurance Corporation of India.
When Government started divestment from LIC, its puppet company which was used to buy the shares of Government Cronies; it was hoped by Government that it would fetch at least Rs. 1000 a share.
But it debuted at much lower range and on opening day lost 4% of its market capitalization.
One year later, it is 25% down ... and no real change in Management or nature of operations has been noted.
Yes, the SBI, the LIC, these are headed by political appointees and always put Crony Capitalists ahead to fiscal health of their respective companies.
How many in Indian Media Know that LIC Chairperson, joined Ambuja Cement as Director on the day of Adani Takeover?
So when mangalam ramasubramanian kumar, is investing in Adani group .. it is like investing like a promoter, as he himself sits as a Director of an Adani group company.
Insider Trading, Crony Capitalism and worst case of complete absence of Corporate Governance! Is it not?
And where is SEBI? Busy counting Commissions from such stock market foul play?
Simple Questions.. Short Blog .. Do read and share the questions.
Just in case you missed it, SBI chief Rajnish Kumar also became a partner of ADANI on that very day, 16th September, 2022.
ReplyDeleteThose who wanted to know, knew.
Those who are paid to be silent, kept their silence.
LIC share price has plummeted below Rs. 600 today, ending at 598.45
ReplyDeleteIs LIC going down the same way as BSNL, VSNL gone in Telecom sector or PNB in Banks or HAL in aeronautics?
How many of you remember Unit Trust of India and its great goodwill before ULIP collapse?
Trends are ominous..