Punjab National Bank
LIC increased its stake in Punjab National Bank from 8.83% to 9.38%. The institution acquired 6,31,88,118 shares to bring its total holding to 1,07,76,65,958 shares.
A government-owned banking institution headquartered in New Delhi, Punjab National Bank provides comprehensive financial services across retail, corporate, and commercial segments throughout India. As one of India's oldest Swadeshi banks, it operates an extensive branch network serving customers through traditional banking, digital platforms, and specialized financial solutions. The bank focuses on credit delivery, deposit mobilization, and financial inclusion across diverse customer bases and geographies.
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.