DCM Limited
LIC decreased its stake in DCM Limited from 3.32% to 2.70%, selling 1,16,664 shares.
A diversified Indian conglomerate incorporated in 1977, operating across textiles, grey iron casting, IT infrastructure services, and real estate. The company maintains vertically integrated operations in manufacturing and provides technology-enabled solutions for enterprise infrastructure management. DCM serves multiple industrial and commercial sectors through its specialized divisions, combining traditional manufacturing expertise with modern IT service capabilities and real estate development.
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.