Bank of Maharashtra
LIC decreased its stake in Bank of Maharashtra from 6.85% to 6.15%, selling 5,41,45,364 shares.
A public sector bank providing comprehensive banking services across India, Bank of Maharashtra operates through treasury, corporate and wholesale banking, retail banking, and other financial operations. The bank serves both institutional and individual customers through its extensive branch network. As a government-backed institution, it focuses on inclusive financial services, supporting economic development, and meeting the diverse banking needs of customers across urban and rural regions.
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.