Reliance Communications Limited

LIC trimmed its stake in Reliance Communications from 4.13% to 4.03%, selling 2,60,92,14 shares.

A communication services provider that owns and operates IP-enabled connectivity infrastructure across India. The company develops and maintains extensive fibre optic cable systems designed to deliver broadband, data, and telecommunications services to businesses and consumers nationwide. Incorporated in 2004, it focuses on building and maintaining critical telecom infrastructure to support digital connectivity needs and network expansion across the country.

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.