Gujarat Fluorochemicals Limited
LIC reduced its stake in Gujarat Fluorochemicals from 2.75% to 2.33%, selling 4,64,493 shares.
A leading specialty chemicals manufacturer, Gujarat Fluorochemicals produces fluoro-polymers, fluoro-specialities, chemicals, and refrigerants for diverse industrial applications across multiple sectors. The company ranks among the top five global players in the fluoropolymers market and maintains a significant export presence in Europe, the Americas, Japan, and Asia. Demerged from GFL Ltd in 2018, it operates as an independent entity within the INOX Group of Companies.
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.