Rajesh Exports Chairman Distances from LIC

Rajesh Exports is facing regulatory pressure and a significant drop in its share price. Rajesh Mehta, Chairman of Rajesh Exports, has publicly distanced the company from the investment decisions of Life Insurance Corporation, which holds a 10.80 percent stake. Rajesh Mehta asserts that Life Insurance Corporation's purchases were made over 20 years from the open market, without any involvement from Rajesh Exports' promoters. Despite the stock's decline, Rajesh Mehta believes Life Insurance Corporation has not yet incurred losses and suggests that any potential losses would benefit the 'common Indian public' who sold shares. He also views a potential exit by Life Insurance Corporation as an opportunity for retail investors.