LIC's ₹5,000 Crore Bond Deal with Adani Ports Raises Eyebrows Research by Aero Nutist| June01,2025 In a major financial move, the Life Insurance Corporation of India (LIC) has invested a staggering ₹5,000 crore in bonds issued by Adani Ports and Special Economic Zone (APSEZ) . The bond, privately placed at a 7.75% annual coupon rate, had no other institutional takers , making LIC the sole investor. This development has triggered a wave of concerns about transparency, risk to public funds, and alleged favoritism. Key Highlights of the LIC-Adani Ports Bond Deal Issuer: Adani Ports and SEZ (APSEZ) Investor: LIC of India Amount: ₹5,000 crore Interest Rate: 7.75% (annual) Issue Type: Private placement According to Moneycontrol , the bond issue was not widely marketed, and no other financial institution participated . This raises serious questions about the rationale and risk management behind LIC's decision. Backdrop: U.S. DOJ Bribery Charges Agai...