MOIL Limited
LIC decreased its stake in MOIL Limited from 3.45% to 2.66% by selling 1,588,334 shares. This represents a 0.79% stake reduction.
India's largest manganese ore producer, MOIL Ltd operates as a state-owned enterprise under the Government of India. The company focuses on mining, processing, and extracting manganese ore from deposits across multiple regions. Its output supplies raw materials to domestic steel, alloy, and chemical industries. As a Miniratna entity, it maintains a significant position in the industrial minerals 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.