Oil India Limited
LIC increased its stake in Oil India Limited from 6.86% to 8.08%, acquiring 19,744,051 additional shares. The value of this increased stake is ₹943.46 crore at a share price of ₹477.00.
A vertically integrated energy company engaged in exploration, development, and production of crude oil and natural gas across multiple oil blocks in India. The company operates transportation infrastructure for crude oil and produces liquefied petroleum gas for domestic markets. Oil India also provides specialized exploration and production-related services to support its core operations and industry partnerships. The company maintains operations across onshore and offshore fields.
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.