Larsen & Toubro Limited
LIC decreased its stake in Larsen & Toubro Limited from 12.51% to 12.41%, reducing its holdings from 170,327,420 shares to 169,241,807 shares. This represents a sale of 1,085,613 shares. The value of the shares sold is ₹443.99 Cr, based on a share price of ₹4090.00.
A multinational conglomerate providing engineering, procurement, and construction solutions across infrastructure, hydrocarbon, power, process industries, and defence sectors in domestic and international markets. The company delivers integrated project execution capabilities and maintains significant operations in information technology and financial services. Larsen & Toubro serves clients globally with comprehensive technical expertise and execution capabilities across multiple industrial verticals.
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.