State Bank of India
LIC decreased its stake in State Bank of India from 8.78% to 8.53%, selling 21,513,610 shares. The value of shares sold is ₹2,236.42 Cr, at a price of ₹1039.50 apiece.
India's largest public sector bank, headquartered in Mumbai, provides comprehensive banking and financial services across retail, corporate, and institutional segments. With a history spanning over two centuries, it operates an extensive network of branches and digital platforms serving customers nationwide. The bank offers deposit products, lending solutions, investment services, and insurance offerings. As a government-backed statutory body, it combines regulatory oversight with commercial banking operations, serving as a cornerstone of India's financial system and economy.
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.