US Life Insurers Drive Adani Group’s Recent Investment Wave, LIC Takes a Backseat
In a significant shift in funding dynamics, recent investments into Adani Group companies have been led not by India’s state-run Life Insurance Corporation (LIC), but by major US life insurers and global financial institutions. This development marks a turning point in the conglomerate’s capital sourcing strategy, as international insurers like Athene Insurance and Apollo Global…