Jai Corp Limited
LIC decreased its stake in Jai Corp Limited from 1.53% to 1.20% by selling 572,695 shares. The approximate value of the shares sold is ₹6.39 crore at a price of ₹111.66 apiece.
A diversified industrial manufacturer engaged in steel production, plastic processing, and spinning yarn operations across India. The company serves multiple sectors through its core manufacturing businesses while also providing investment advisory services and undertaking real estate development and land building projects. Established in 1985, it operates as a vertically integrated enterprise with a presence across manufacturing and financial services.
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.