Aditya Birla Sun Life AMC Limited
LIC decreased its stake in Aditya Birla Sun Life AMC Limited from 2.24% to 1.95%, selling 816,199 shares. This transaction is likely related to the Offer For Sale (OFS) by Aditya Birla Capital and Sun Life (India) AMC to meet public shareholding norms.
A joint venture between Aditya Birla Capital and Sun Life AMC, this asset management company provides mutual fund solutions, portfolio management services, and real estate investment offerings to retail and institutional clients. Established in 1994, it operates across domestic and international markets, delivering diversified investment products and wealth management solutions tailored to various investor segments, risk profiles, and financial objectives.
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.