The India Cements Limited
LIC added over 1.64% of The India Cements Limited in the quarter, buying 81,68,009 shares, and now holds a 2.64% stake.
A leading cement manufacturer headquartered in Chennai, India Cements produces cement as its core business while maintaining operations in complementary sectors including shipping, captive power generation, and coal mining. These vertical operations provide purposeful synergy to support the primary cement manufacturing activities. Established in 1946, the company also serves as a sponsor of the IPL cricket franchise Chennai Super Kings.
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.