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    <title>FM says Finance Ministry does not advise LIC on investments, Adani investments as per SOPs</title>
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    <description>The Finance Ministry states it does not direct LIC&#039;s investment decisions; LIC made Adani Group equity and debt investments independently under established SOPs, board approved policies and detailed due diligence, with multiple audit and regulatory checks under the Insurance Act, 1938 and regulations of IRDAI, RBI and SEBI; holdings and material exposures are publicly disclosed per shareholder disclosure requirements.</description>
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      <description>The Finance Ministry states it does not direct LIC&#039;s investment decisions; LIC made Adani Group equity and debt investments independently under established SOPs, board approved policies and detailed due diligence, with multiple audit and regulatory checks under the Insurance Act, 1938 and regulations of IRDAI, RBI and SEBI; holdings and material exposures are publicly disclosed per shareholder disclosure requirements.</description>
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