Mahindra & Mahindra Financial Services Limited
LIC reduced its stake in Mahindra & Mahindra Financial Services from 10.26% to 9.09%, selling 1,63,03,981 shares.
A non-banking financial company within the Mahindra Group, it specializes in financing solutions for new and pre-owned automobiles, tractors, commercial vehicles, and construction equipment across India. The company also provides credit facilities to small and medium enterprises. It operates as a dedicated lender focused on vehicle, equipment, and SME financing, serving customers in the automotive, agricultural, and industrial sectors nationwide.
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.