Responsive Industries Limited
LIC decreased its stake in Responsive Industries Limited from 3.22% to 2.98%, selling 6,41,377 shares.
A leading Indian manufacturer of polyvinyl chloride (PVC)-based products established in 1982. The company specializes in designing and producing furniture and home furnishing items using advanced PVC technology. Responsive Industries operates as a vertically integrated manufacturer with in-house production capabilities, serving both domestic and international markets with a focus on delivering durable, affordable, and high-quality home furnishing solutions to customers across multiple 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.