Asian Paints Limited
LIC decreased its stake in Asian Paints from 8.11% to 7.98%, reducing its holding by 12,80,188 shares. The transaction was executed in the context of a rights issue.
India's largest home decor company, Asian Paints manufactures and sells wall paints, coatings, waterproofing solutions, and decorative products across residential and commercial segments. With over eight decades of operations, the company offers an extensive portfolio including wall coverings, texture finishes, adhesives, modular kitchens, sanitaryware, lighting fixtures, and home furnishings through multiple established brands. It serves customers through a widespread distribution network and retail presence across the country.
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.