NLC India Limited
LIC decreased its stake in NLC India Limited from 1.83% to 1.15%, selling 9,430,383 shares. The shares were valued at approximately ₹257.6 Cr at a price of ₹273.10 per share. The government of India recently sold up to a 3% stake in NLC India through an Offer for Sale (OFS) at a floor price of ₹303 per share in June 2026.
A major power generation company engaged in lignite mining and thermal power production across multiple states in India. The company operates coal-fired power plants while expanding its renewable energy portfolio to include solar and wind capacity. NLC India serves as a key contributor to the nation's energy infrastructure through vertically integrated mining and generation operations, supplying power to utilities and industrial consumers nationwide.
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.