Shyam Metalics and Energy Limited
LIC trimmed its stake in Shyam Metalics and Energy Limited from 3.96% to 3.80%, selling 4,48,201 shares.
A vertically integrated steel manufacturer, Shyam Metalics produces iron pellets, sponge iron, TMT bars, long steel products, and ferro alloys for construction and industrial applications. The company also generates its own power to support operations. Its integrated production model enables control across the entire value chain from raw material processing to finished steel products delivery.
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.