Omaxe Limited
LIC has slipped off Omaxe Limited's major shareholder list after last holding a 1.4 percent stake. This shift indicates that LIC either executed a complete exit or pared its position below the 1 percent reporting threshold.
A real estate developer engaged in residential, commercial, and retail property development across India. Omaxe operates in 27 cities spanning 8 states, undertaking diverse projects including township development, commercial complexes, multi-storied apartments, and contractual construction services. The company focuses on delivering integrated property solutions across residential and commercial segments, establishing itself as a significant player in India's real estate sector with a broad geographic footprint.
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.