Kwality Wall's (India) Limited
LIC acquired a new position in Kwality Wall's (India) Limited with 15,56,53,261 shares, representing a 6.62% stake valued at ₹530 crore at ₹34.05 apiece.
An ice cream manufacturer and marketer operating as part of the global Unilever ice cream ecosystem, with a portfolio spanning premium brands including Magnum, Cornetto, and the flagship Kwality Walls. The company focuses on delivering premium product quality, developing new consumption occasions through innovation, and expanding its presence in the Indian frozen desserts market. It emphasizes sustainable operations and responsible sourcing across its manufacturing and distribution activities.
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.