Gloster Limited
LIC decreased its stake in Gloster Limited from 12.40% to 12.12%, selling 30,331 shares. The transaction was valued at ₹2.07 crore, with shares priced at ₹683.90 apiece.
A manufacturer of jute, cotton, and allied fiber products, Gloster Ltd operates across diversified segments including packaging solutions, technical textiles, geotextiles, and consumer goods. Founded in 1923, the company produces burlap, hessian, canvas, and specialty fabrics serving domestic and international markets. Its vertically integrated operations enable control over raw material sourcing through finished product distribution and supply chains.
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.