The Federal Bank Limited
LIC decreased its stake in The Federal Bank Limited from 1.29% to 1.06% by selling 5,514,291 shares. The value of the sold shares is ₹197.35 Cr at a price of ₹357.75 apiece.
A private sector bank incorporated in 1931, Federal Bank provides comprehensive retail and corporate banking services to customers across India. The bank offers para banking activities including debit card services, third-party product distribution, treasury operations, and foreign exchange business. Headquartered in Kerala, it maintains a significant presence in the financial services sector and serves both individual and institutional clients through its extensive branch network and digital platforms.
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.