Bajaj Auto Limited
LIC increased its stake in Bajaj Auto from 4.88% to 5.12% by acquiring 4,21,027 shares, crossing the 5% disclosure threshold. Prior disclosures in the quarter accounted for 44,800 shares of this total change.
A leading two and three-wheeler manufacturer headquartered in Pune, Bajaj Auto designs and produces motorcycles, scooters, and auto-rickshaws for domestic and international markets. The company exports to multiple countries across Latin America, Southeast Asia, Africa, and the Middle East. Through its significant ownership stake in KTM, Bajaj also manufactures premium sports and super sports motorcycles, strengthening its position in the global two-wheeler industry.
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.