Steel Authority of India Limited
LIC decreased its stake in Steel Authority of India Limited from 7.85% to 5.88% by selling 81,451,995 shares. This stake reduction is valued at ₹1373.23 crore based on the share price of ₹168.68.
One of India's largest steel manufacturers and a Maharatna Central Public Sector Enterprise, SAIL operates five integrated steel plants and three special steel plants across eastern and central India. The company produces a broad range of steel products for diverse industrial applications, strategically positioned near domestic sources of raw materials to optimize production efficiency and supply chain management. SAIL remains a key player in India's steel sector.
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.