Sterlite Technologies Limited
LIC has departed Sterlite Technologies Limited's disclosed shareholder list after its last reported 1.17 percent stake, indicating either a complete exit or a reduction below the 1 percent disclosure threshold.
A manufacturer of optical fiber and optical fiber cables serving India's telecom and power transmission sectors. Established in 2001 through a demerger of the telecom division from Sterlite Industries, the company expanded into power transmission cables in 2006. It operates as the largest optical fiber cable manufacturer domestically and maintains a substantial presence in overseas markets, supplying critical infrastructure for telecommunications and energy networks.
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.