The United Nilgiri Tea Estates Company Limited
LIC decreased its stake in The United Nilgiri Tea Estates Company Limited from 2.37% to 2.02% by selling 17,204 shares. The value and price of the transaction are not available.
A tea manufacturer and seller with roots extending back to 1922, United Nilgiri produces and distributes tea products across India's domestic market. The company operates tea estates in the Nilgiri region, handling cultivation, processing, and packaging of tea. Beyond its core tea business, the company generates additional revenue through property rental operations, creating a diversified income stream that supports its overall business operations.
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.