DCM Shriram Limited
LIC decreased its stake in DCM Shriram Limited from 6.09% to 6.01%, selling 121,034 shares for ₹12.38 Cr at ₹1022.90 apiece.
A diversified manufacturing company producing essential chemicals and materials for agricultural and industrial sectors across India. DCM Shriram operates integrated production facilities in Kota, Rajasthan, where it manufactures fertilizers, chloro-vinyl products, and cement, alongside chlor-alkali chemical production at its Bharuch plant in Gujarat. The company serves domestic markets through its multi-facility operations spanning fertilizer, chemical, and cement manufacturing.
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.