Havells India Limited
LIC sold 1,27,721 shares of Havells India Limited, reducing its stake from 7.65% to 7.63%.
A leading Fast Moving Electrical Goods manufacturer, Havells India produces a comprehensive range of circuit protection devices, cables, wires, motors, fans, modular switches, and home appliances including air conditioners and water heaters. The company serves domestic, commercial, and industrial markets with power distribution equipment and luminaires, maintaining strong global presence and market dominance across its diverse product portfolio.
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.