Tata Consumer Products Limited
LIC decreased its stake in Tata Consumer Products from 9.02% to 8.23%, selling 78,10,872 shares worth ₹850.36 Cr at ₹1088.60 apiece.
A global food and beverages company operating within the Tata Group, Tata Consumer specializes in tea and coffee products across multiple markets worldwide. The company manufactures, markets, and distributes a diverse portfolio of branded beverages for consumers in India and internationally. Its distinctive position combines established brand recognition in the tea industry with vertical integration across production, distribution, and retail channels.
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.