The Western India Plywoods Limited
LIC cut its stake in The Western India Plywoods from 2.40% to 1.80%, selling 51,000 shares.
A manufacturer of wood-based products including plywood, hardboard, and compreg, Western India Plywoods has operated since 1945. The company produces engineered wood solutions for construction, furniture, and industrial applications across India and exports to international markets. Its vertically integrated operations, established distribution network, and consistent product quality distinguish it in the wood composites sector.
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.