Godrej Consumer Products Limited
LIC raised its stake in Godrej Consumer Products from 3.00% to 3.41%, acquiring 41,54,679 shares by subscribing to a rights issue.
A fast-moving consumer goods manufacturer and marketer, Godrej Consumer produces household and personal care products for Indian and international markets. The company operates across multiple product categories including hair care, fabric care, home hygiene, and wellness through a portfolio of established and emerging brands. It serves diverse consumer segments spanning urban and rural areas through both traditional and modern product innovations.
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.