Pidilite Industries Limited
LIC reduced its stake in Pidilite Industries from 3.85% to 3.26%, selling 59,92,599 shares.
A leading manufacturer of adhesives, sealants, construction chemicals, and polymer emulsions in India, Pidilite Industries produces specialty chemical products for industrial, commercial, and consumer applications across multiple segments. The company develops most products through dedicated in-house research and development capabilities. Fevicol, its flagship brand, has become synonymous with adhesives and ranks among India's most trusted brands, alongside other major brands including M-Seal, Roff, Dr. Fixit, and Araldite.
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.