Nippon Life India Asset Management Limited
LIC decreased its stake in Nippon Life India Asset Management from 2.58% to 2.25%, selling 20,44,753 shares. The value of the sold shares is ₹255.1 Cr, calculated at ₹1247.80 per share.
An asset management company that provides mutual funds, exchange traded funds, and portfolio management services to Indian and international investors. The firm manages alternative investment funds, pension funds, and offshore funds while offering comprehensive advisory mandates across various investment categories and asset classes. It serves institutional and retail clients through diversified investment solutions tailored to different risk profiles and investment horizons.
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.