CARE Ratings Limited

LIC decreased its stake in CARE Ratings Limited from 9.49% to 8.50%, selling 297,382 shares. This reduces its holding to 2,554,751 shares.

A leading credit rating agency in India, CARE Ratings provides comprehensive credit ratings that help corporates raise capital for their business requirements and enable investors to make informed investment decisions based on credit risk assessment and their risk-return expectations. The company evaluates creditworthiness across various sectors, instruments, and entities, serving as a critical intermediary in India's capital markets ecosystem.

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.