HCL Technologies Limited
LIC increased its stake in HCL Technologies from 5.00% to 7.00% by purchasing 5,44,60,646 shares for ₹8437.59 Cr at ₹1549.30 apiece. This transaction crossed the 5% disclosure threshold.
A global IT services company, HCL Technologies delivers software-led solutions, infrastructure management, engineering and research services, and business process outsourcing to clients across multiple industries. Operating through offices in 46 countries, the company leverages extensive offshore capabilities and global expertise to provide transformational outsourcing and integrated service portfolios. It focuses on supporting enterprise digital transformation and multi-service delivery across key industry verticals.
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.