First time, value of LIC holding in Adani companies drops below purchase price

[telugu_fan]

5 hours ago, kakatiya said:

Bsnl is rumoured to have intentional bad service so that current subscribers would shift .. not sure enthavaraku nijamo..both congress and reliance and bjp did bsnl bite the dust

BSNL having good/bad service is not intentional. Its the function of a govt agency, no body cares as the jobs are not online. In the 90's and early 2000's its the only agency with phone service before Airtel, Tata and Later Reliance came in.

the early cell towers were all function of BSNL and the private companies leased cell towers of BSNL for the same. But as private cell companies tried to move ahead you will find they had to attarct customers so many schemes. BSNL nothing, they don't care. Earlier when my father had internet service disruption for two days and nobody came. now atleast somebody responds from BSNL as it has been outsourced to a third party.

The govt if it really want to get rid of BSNL would not have approved 1.64 lakh pacakge to roll out 4g network and gotten rid of non perporfimng officers.

https://indianexpress.com/article/explained/bharat-sanchar-nigam-ltd-bsnl-revival-package-plan-explained-8056269/

https://timesofindia.indiatimes.com/business/india-business/shed-the-sarkaari-attitude-and-perform-or-be-ready-to-pack-up-vaishnaw-to-bsnl-employees/articleshow/93378930.cms

You have your unions that will not agree to any changes in work culture and then when it incurs losses will blame everyone but their work culture.

BSNL is like ambassador car, where everyone who doesn't use any other car will like it, but no one will buy it after experiencing other make build model will probably not go back and buy it.

[tables]

Western media kutra on india.

INDIA super power avutundi anu tattukolekapottuanru

[dasari4kntr]

1 hour ago, telugu_fan said:

if this is actually by the newspaper and not sourced from others then their editorial and proof check standards are piss poor. If they wanted to show half truths yes, they have conveyed that, but complete info on how much invested initially, how much it was by Dec/jan and what it is currently is not completely shown.

what is the full truth you have..? may i know..?

[dasari4kntr]

1 hour ago, telugu_fan said:

if this is actually by the newspaper and not sourced from others then their editorial and proof check standards are piss poor. If they wanted to show half truths yes, they have conveyed that, but complete info on how much invested initially, how much it was by Dec/jan and what it is currently is not completely shown.

another question..

if you are criticizing this news article...then why you are giving reference links of another news articles..?

is this selective belief..? if something matches your view..you are providing those links as reference or full truth...

if something oppose...to your views...blaming it as half truth...

[telugu_fan]

38 minutes ago, dasari4kntr said:

what is the full truth you have..? may i know..?

Bhayya, When i said half truths, the image shows the current status of adani stock and the loss of lic which it incurred due to the fall in price. That much is true and i am not denying that.

I said its only half the story because nowhere in that image/picture there is reference of what LIC incurred to buy that stock and the time lines if any, any one who doesn't have time to read the article will see the number 72k crores and 26k crores and make up their mind.

There is another post by @Truth_Holds in the first page that also gives the exact breakdown and that could have been used by JackSeal or anyone else to convey the same point.

[telugu_fan]

34 minutes ago, dasari4kntr said:

another question..

if you are criticizing this news article...then why you are giving reference links of another news articles..?

is this selective belief..? if something matches your view..you are providing those links as reference or full truth...

if something oppose...to your views...blaming it as half truth...

No Bhayya, you have got my POV wrong or maybe i myself wasn't clear on it. I am not criticizing the article, i am criticizing the picture which is used to convey the issue of the loss. the loss part is certain for now, but the article talks about the numbers which is not represented in pictorial form.

The article you have shown is correct, but the article wasn't listed by Jack seal initially and the pic itself conveyed the loss and not the amount that LIC incurred in buying the shares.

I generally want news - news should be apolitical and without bias, The person reading that news item and the one presenting the news item might have bias, but news item should be without that.

These days with less attention spans and people not reading the whole articles they take the help of these memes and pictures to understand a point. This if done by a political party (say if this was shared by TDP, TRS/BRS, YSRCP, TMC, Congress), i wouldn't have an issue with that due to the political climate. But a newspaper/news channel doing that is wrong or so i think.

In the link i shared for BSNL it only talks about equity infusion into BSNL, not if it was great thing done by BJP or a wrong thing done by previous congress regime and that was done to support my point that if the govt wanted BSNL to go belly up they woun't have invested any in the infra portion of it.

[dewarist]

41 minutes ago, dasari4kntr said:

what is the full truth you have..? may i know..?

why would you ask that? Please spare us from the essays

[dasari4kntr]

3 hours ago, telugu_fan said:

if this is actually by the newspaper and not sourced from others then their editorial and proof check standards are piss poor. If they wanted to show half truths yes, they have conveyed that, but complete info on how much invested initially, how much it was by Dec/jan and what it is currently is not completely shown.

 

1 hour ago, telugu_fan said:

No Bhayya, you have got my POV wrong or maybe i myself wasn't clear on it. I am not criticizing the article, i am criticizing the picture which is used to convey the issue of the loss. the loss part is certain for now, but the article talks about the numbers which is not represented in pictorial form.

The article you have shown is correct, but the article wasn't listed by Jack seal initially and the pic itself conveyed the loss and not the amount that LIC incurred in buying the shares.

I generally want news - news should be apolitical and without bias, The person reading that news item and the one presenting the news item might have bias, but news item should be without that.

These days with less attention spans and people not reading the whole articles they take the help of these memes and pictures to understand a point. This if done by a political party (say if this was shared by TDP, TRS/BRS, YSRCP, TMC, Congress), i wouldn't have an issue with that due to the political climate. But a newspaper/news channel doing that is wrong or so i think.

In the link i shared for BSNL it only talks about equity infusion into BSNL, not if it was great thing done by BJP or a wrong thing done by previous congress regime and that was done to support my point that if the govt wanted BSNL to go belly up they woun't have invested any in the infra portion of it.

 

2 hours ago, telugu_fan said:

Bhayya, When i said half truths, the image shows the current status of adani stock and the loss of lic which it incurred due to the fall in price. That much is true and i am not denying that.

I said its only half the story because nowhere in that image/picture there is reference of what LIC incurred to buy that stock and the time lines if any, any one who doesn't have time to read the article will see the number 72k crores and 26k crores and make up their mind.

There is another post by @Truth_Holds in the first page that also gives the exact breakdown and that could have been used by JackSeal or anyone else to convey the same point.

 

ok...this is my understanding...

i am here showing two articels...

• Press release by LIC india on Jan 30th, stating their position with adani..
• Full news article where this thread started (that news clipping from indianexpress..)

 

1. Press Release by LIC INDIA on Jan30th 2023

link : https://licindia.in/getattachment/Investor-Relations/Shareholder-Service/Investor-Announcements/Press_Release-(2).pdf.aspx

 

based on this what we can understand is...

Information	Amount
LIC's total holding under equity and debt	Rs. 35,917.31 Crores
Total purchase value of equity	Rs. 30,127 Crores
Market value of equity as of January 27th, 2023	Rs. 56,142 Crores
Total amount invested under Adani Group	Rs. 36,474.78 Crores
Credit rating of Adani debt securities held by LIC	AA and above
Total Assets Under Management by LIC	Over Rs. 41.66 lakh crore
LIC's exposure in Adani group	0.975% of LIC's Total AUM at book value
Solvency margin of LIC as of September 2022	Well above target solvency level of 160%

 

2.  Indian Express Full News Article..

Link: https://indianexpress.com/article/business/companies/hindenburg-report-fallout-first-time-value-of-lic-holding-in-adani-companies-drops-below-purchase-price-8463363/

read the full article...in this article writer is talking about how the value got declined and the current value is around 26,861 crores which is below the actual investment (30,127)...

 

3. Here is my point...

LIC money is peoples money...people insuring their lives and taking the policies and paying...even though if it is one ruppe down or 1%..we shouldn't take it lightly...

few thousand crores loss wont impact LIC...but it will sure impact the TRUST...specially in the case of any one trying to defending the adani and belittle the loss of LIC...

[gattimelam]

Time waste post

[dewarist]

@dasari4kntr

[8pm]

2 hours ago, dewarist said:

@dasari4kntr

venakala nuvvena 

[pakeer_saab]

19 hours ago, telugu_fan said:

yes i agree, but the sticker/image doesn't convey that clearly, does it, another column of actual investments will tell a clearer picture.

if we are going to track individual stocks for positive or negative view of economy/govt then maybe we should put up all the corporate and bad loans of the past as well no?

inta due diligence 2014 mundu unte chaala bagundedi, aa time lo barmaid sanka nakadame saripoindi, asking now about LIC investments on daily basis as if they love the nation 

[telugu_fan]

2 hours ago, dewarist said:

@dasari4kntr

nuvvu baaga protsahistunattu vunnavu venakala nundi. I am with you bro 🙂

 

[telugu_fan]

4 hours ago, dewarist said:

why would you ask that? Please spare us from the essays

i got you bhayya, even i am trying to stop writing so much essays, if i could learn to put gifs and pics maybe they will come down.

[telugu_fan]

2 hours ago, dasari4kntr said:

3. Here is my point...

LIC money is peoples money...people insuring their lives and taking the policies and paying...even though if it is one ruppe down or 1%..we shouldn't take it lightly...

few thousand crores loss wont impact LIC...but it will sure impact the TRUST...specially in the case of any one trying to defending the adani and belittle the loss of LIC...

I am fully in agreement with your third point and highlighted, but LIC supposedly invests 10 lakh crores in equity and about 30 lakh crores in bonds market.

In the equity market LIC invests in many companies (supposedly close to 200 companies) - includes Reliance which also has a lot of debt, TCS, and a whole of PSU (Public Sector Undertaking). How many times have you heard of LIC investments so far? Most of the PSU's are running in supposedly losses. Has anyone questioned that?

Not that people shouldn't question LIC investments in Adani. @pakeer_saab mentioned the crux of the matter above.

If nothing comes out of this Adani saga then they will bury it just like Pegasus, Meta stories, whatapp snooping and all the others without any apology.