Lakshmi Mills Company Limited
The Indian Government, which last held a 3.09 percent stake in Lakshmi Mills Company Ltd, is no longer listed among the company's major shareholders. This signifies either a complete divestment or a reduction of its holding to below the 1 percent disclosure threshold.
One of India's oldest textile manufacturers, Lakshmi Mills produces yarn and engages in cloth and garment trading across domestic and export markets. Established in 1910, the company operates through multiple segments within the textile industry while also generating revenue through property rentals. The firm maintains a diversified business model combining manufacturing operations with commercial trading activities and real estate ventures.
The President of India holds promoter and strategic stakes on behalf of the Government of India in over 70 listed PSUs spanning oil and gas, banking, defence, mining, power and infrastructure, with aggregate market value in the tens of lakhs of crores. Disclosed stake changes typically signal divestment, OFS or strategic sale activity rather than market views, but materially impact float and price discovery in PSU stocks.