Castrol India Limited
LIC decreased its stake in Castrol India from 9.93% to 8.79% by selling 11,329,036 shares. The value of the sold shares is approximately ₹211.75 Cr, based on Castrol India's share price of ₹186.87.
A leading manufacturer and marketer of automotive and industrial lubricants in India, Castrol India produces high-performance oils and greases for engines, transmissions, and machinery across multiple applications. The company serves passenger vehicles, commercial vehicles, and industrial segments through both original equipment manufacturers and the aftermarket channel. Its distinctive strength lies in advanced formulation technology, research capabilities, and an established distribution network spanning the country.
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.