Reliance Power Limited
LIC decreased its stake in Reliance Power from 2.02% to 1.86%, selling 63 lakh shares.
A power generation company that develops, constructs, and operates thermal and renewable energy projects across India and internationally. The company maintains a substantial portfolio of operational generating capacity alongside significant projects under development through its subsidiaries and joint ventures. It focuses on delivering large-scale power solutions to meet domestic and global energy demand through diversified fuel sources and advanced technology 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.