Marico Limited
LIC increased its stake in Marico Limited from 1.18% to 1.67%, buying 63,24,147 shares. The additional shares are worth ₹532.06 crore at a price of ₹844.00 apiece.
A leading consumer goods company, Marico operates across beauty and wellness categories with a significant presence in over 25 countries spanning Asia and Africa. The company develops and markets brands across hair care, skin care, edible oils, healthy foods, male grooming, and fabric care products. Its diversified brand portfolio and strong footprint in emerging markets distinguish it within India's consumer defensive sector.
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.