Hindalco Industries Limited
LIC has dropped off the latest major shareholder list for Hindalco Industries Limited, where LIC previously held a 4.59 percent stake. This shift represents either a complete exit or a reduction to below the 1 percent reporting threshold.
A leading aluminium and copper producer in India, Hindalco Industries manufactures a diverse range of products including aluminium sheets, extrusions, and light gauge materials for industrial and consumer applications. The company serves key markets such as beverage packaging, food containers, and foil applications. Part of the Aditya Birla Group, it operates as a vertically integrated metals manufacturer with significant production capabilities across both primary and downstream segments.
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.