<h1>Independent investment decisions: LIC says Adani purchases followed board approved policies and due diligence, with no government role.</h1> LIC states its investments in Adani companies were made independently under Board approved investment policies after detailed due diligence, with no role played by the Department of Financial Services or other bodies. It affirms compliance with applicable policies, statutory provisions and regulatory guidelines, highlights portfolio diversification and limited exposure to the Adani group, and responds to media allegations by situating its actions within routine, risk focused institutional investment practice.