Indian Railway Finance Corporation Limited
LIC increased its stake in Indian Railway Finance Corporation Limited from 2.54% to 3.54%, buying 130,640,000 shares for approximately ₹1,154.21 Cr at ₹88.35 apiece.
A specialized financial institution that provides equipment financing to Indian Railways through lease arrangements. Incorporated in 1986, the company raises funds from financial markets and deploys capital to acquire and create assets that are subsequently leased to Indian Railways under finance lease structures. It operates as a dedicated railway sector financier, supporting infrastructure development, modernization initiatives, and capital expansion across the national rail network.
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.