HDFC Bank Limited
LIC increased its stake in HDFC Bank Limited from 4.67% to 4.77%, acquiring 14,850,400 shares. The Reserve Bank of India (RBI) recently approved LIC's application to increase its holding in HDFC Bank up to 9.99%.
One of India's largest private sector banks, HDFC Bank operates as a comprehensive financial services provider headquartered in Mumbai. The bank offers retail banking, wholesale banking, and treasury operations across the country. It maintains a strong presence through its extensive branch network and digital banking platforms, serving individual and corporate customers with a range of deposit, lending, investment, and advisory products tailored to diverse financial needs.
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.