Exide Industries Limited
LIC reduced its stake in Exide Industries Limited from 5.95% to 5.27%, selling 58,47,212 shares.
A leading manufacturer of storage batteries and allied products in India, Exide Industries operates across automotive, industrial, and consumer segments. The company produces lead-acid batteries, inverters, and renewable energy solutions for diverse applications ranging from vehicles to backup power systems. Its vertically integrated operations, established distribution network, and focus on innovation position it as a prominent player in India's battery manufacturing sector.
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.