The Peria Karamalai Tea & Produce Company Limited
LIC decreased its stake in The Peria Karamalai Tea & Produce Company from 2.90% to 1.15%, selling 54,186 shares. The institutional investor now holds 35,596 shares following a rights issue.
A tea producer and distributor established in 1913, Peria Karamalai Tea & Produce cultivates and markets quality tea products across India's competitive beverage sector. Beyond tea, the company operates in power generation and distribution, serving energy needs in its operational regions. The company also maintains a portfolio of investments in financial instruments, diversifying its revenue streams and business exposure.
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.