UltraTech Cement Limited
LIC increased its stake in UltraTech Cement from 2.57% to 3.01%, buying 12,99,666 shares. The value of these shares was ₹150.36 crore, calculated at the closing price of ₹11,571.00 per share.
A leading cement manufacturer engaged in the production and distribution of cement and cement-related products across India and international markets. The company operates integrated cement plants equipped with modern technology and infrastructure to serve the construction, infrastructure, and industrial sectors. UltraTech maintains significant manufacturing capacity and operates an extensive distribution network across multiple regions to meet diverse customer requirements.
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.