1 / 8The Adani Group, which is led by Gautam Adani, is a major investment for India's largest life insurer, Life Insurance Corporation of India (LIC). So much so that, as of Friday last week's market close, its holdings in five Adani Group stocks namely Adani Enterprises, Adani Green Energy, Adani Ports and Special Economic Zone (SEZ), Adani Total Gas, and Adani Transmission, were valued at Rs 73,467 crore.2 / 8As per PRIME Database, LIC’s total equity portfolio was worth Rs 10.27 lakh crore as of September 30. The value of LIC's stake in Adani group was valued roughly at 7 per cent of its total equity portfolio.3 / 8While LIC has been increasing investment, Foreign Portfolio Investors (FPIs) have trimmed stakes in five of Adani stocks in the recent quarters, data compiled by corporate database AceEquity suggests. 4 / 8The three Adani Group companies in which the LIC has raised its stakes in recent quarters are Adani Enterprises, Adani Total Gas and Adani Transmission.5 / 8LIC's stake in the flagship Adani Enterprises, which stood at 1.32 per cent as of June 30, 2021, jumped consecutively in the next five quarters to 4.02 per cent as of September 30. LIC owned 4,58,14,954 Adani Enterprises shares as of September 30, which at last count were valued at Rs 17,966 crore.6 / 8In the case of Adani Total Gas, LIC's stake stood at 5.77 per cent as of September 30. It has been going up every quarter since the March quarter of 2021.7 / 8. LIC stake in Adani Total Gas stood at 2.11 per cent in the March quarter of 2021; by March quarter of 2022 it went up to 5.11 per cent. LIC's total investments in the stock stood at Rs 22,706 crore as of Friday's closing.8 / 8In case of Adani Transmission, LIC's stake has gone up from 2.42 per cent in June quarter of 2021 to 3.46 per cent as of September 30. The stake is valued at Rs 10,600 crore.LIC emerged as an investor in Adani Green Energy in September quarter with a 1.15 per cent stake. Companies are required to report shareholders with over 1 per cent stake. It is difficult to ascertain whether LIC held any stake in Adani Green Energy before. LIC's stake in Adani Green Energy was worth Rs 3,760 crore as of Friday.