Jaiprakash Power Ventures Limited
LIC decreased its stake in Jaiprakash Power Ventures from 1.36% to 1.13%, selling 16,085,255 shares worth ₹27.37 Cr at ₹17.02 apiece.
A vertically integrated power generation company that operates coal mining, sand mining, and cement grinding operations alongside thermal and hydroelectric electricity production. Established in 1994, the company generates power through multiple sources to serve industrial and commercial customers across India. Its diversified business model spans raw material extraction and energy production, creating an integrated value chain in the power sector. The company maintains operations across multiple states.
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.