GAIL (India) Limited
LIC increased its stake in GAIL (India) Limited from 7.74% to 8.29%, acquiring 36,821,099 shares.
India's integrated natural gas company operates an extensive pipeline network spanning over 11,500 kilometers for natural gas and 2,300 kilometers for LPG distribution. The Government of India undertaking manages LPG processing units, petrochemical facilities, and holds strategic interests in liquefied natural gas ventures and city gas distribution networks across several cities. GAIL maintains wholly owned international subsidiaries in Singapore and the United States to expand operations in LNG trading, petrochemicals, and shale gas assets.
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.