Torrent Power Limited
LIC decreased its stake in Torrent Power from 3.23% to 3.16%, selling 3,84,958 shares. The transaction value is ₹53.5 Cr at ₹1390.50 apiece.
A leading integrated power utility company operating across generation, transmission, and distribution of electricity in India. Torrent Power serves residential, commercial, and industrial customers in Gujarat, Maharashtra, Uttar Pradesh, and Karnataka through its vertically integrated operations. The company manages the complete power supply chain from production to final delivery, providing reliable energy solutions across multiple states and customer segments.
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.