Info Edge (India) Limited
Life Insurance Corporation of India reduced its stake in Info Edge (India) Limited from 5.01% to 2.99%, selling 1,29,44,498 shares through open market transactions.
A leading online classifieds platform in India, the company operates multiple digital brands serving different markets and user needs. Through naukri.com for job seekers and employers, 99acres.com for real estate transactions, jeevansathi.com for matrimonial services, and shiksha.com for education information, it connects millions of users. The company also functions as an active investor in online startups, building a diversified portfolio across the digital ecosystem.
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.