Bajaj Finserv Limited
LIC increased its stake in Bajaj Finserv from 2.03% to 2.07%, acquiring 586,000 shares. This increase in position occurred in the context of a rights issue.
A diversified financial services holding company, Bajaj Finserv operates multiple business verticals serving millions of customers across India. The company provides asset financing solutions, general insurance products, life and health insurance coverage, and retirement savings solutions. Operating as the financial services backbone of the Bajaj group, it delivers comprehensive protection and wealth creation solutions to customers across different income segments and life stages.
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.