Amara Raja Energy & Mobility Limited
LIC decreased its stake in Amara Raja Energy & Mobility Limited from 7.97% to 7.87%, selling 1,75,512 shares.
One of India's largest manufacturers of lead-acid batteries, Amara Raja Energy & Mobility Limited produces storage solutions for both industrial and automotive applications across the country. The company operates as the flagship entity of the Amara Raja Group and maintains a technology-leading position in the Indian storage battery sector. Its core operations span manufacturing, distribution, and continuous innovation in battery-based energy and mobility solutions.
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.