Vedanta Limited
LIC decreased its stake in Vedanta Limited from 4.73% to 4.55%, selling 69,66,661 shares valued at ₹176.13 crore at ₹253.05 apiece.
A diversified natural resources group engaged in exploring, extracting, and processing minerals and oil & gas across multiple continents. The company produces zinc, lead, silver, copper, aluminium, iron ore, and oil & gas, with operations spanning India, South Africa, Namibia, Ireland, Liberia, and the UAE. Beyond core mining activities, it operates commercial power generation, steel manufacturing, port facilities in India, and glass substrate production in South Korea and Taiwan.
India's largest domestic institutional investor with over Rs 56 lakh crore in total AUM, of which roughly Rs 15 lakh crore sits in listed equities. Holds stakes in virtually every major listed Indian company. When LIC builds or exits a position, it moves markets. Government-owned and mandated to invest policyholder funds in Indian equities and bonds, making it the ultimate long-only, long-term India bull.