Wipro Limited
LIC entered Wipro, acquiring a 2.82% stake with 27,89,13,654 shares.
A global information technology, consulting, and business process services company, Wipro delivers software solutions, IT services, and business process outsourcing to clients across multiple industries worldwide. The company operates across consulting, custom applications, systems integration, and infrastructure services, serving Fortune 500 enterprises and mid-market organizations. Wipro maintains a presence in numerous countries, providing comprehensive end-to-end digital transformation and technology services to its diverse global client base.
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.