Mukand Limited
LIC decreased its stake in Mukand Limited from 1.09% to 1.02% by selling 1 lakh shares. The value of the shares sold is ₹1.46 crore, based on the closing price of ₹145.69.
A manufacturer of special alloy steel, billets, and bars serving diverse industrial sectors across India. The company produces electrical overhead travelling cranes, material handling equipment, and industrial machinery while offering comprehensive engineering services. Mukand operates integrated steel production facilities with advanced metallurgical capabilities, serving customers in automotive, engineering, and infrastructure industries with quality steel products and engineered solutions.
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.