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Gautam Adani, billionaire and chairman of the Adani Group, stated that the trials and tribulations of the past year have strengthened the conglomerate. Adani highlighted the group s accomplishments, which include raising Rs 40,000 crore of equity, repaying Rs 17,500 crore of margin-linked financing, and reducing debt. The Adani group achieved its highest-ever quarterly profit and launched key projects like the Dharavi redevelopment and the world s largest renewable energy generation site in Gujarat. Adani dismissed the Hindenburg Research report as a compilation of old and dead allegations, stating that it eroded market value and caused small investors to lose their savings. ....
State-owned Life Insurance Corporation of India (LIC) sells 3.73 crore shares of Adani Energy Solutions, Adani Enterprises, and Adani Ports in the December quarter. Get the latest updates on LIC's stake in Adani Group and the political controversy surrounding it. ....