Adani Ports and Special Economic Zone Limited
LIC reduced its stake in Adani Ports and Special Economic Zone Limited from 6.63% to 6.43%, decreasing its shareholding by 4,584,196 shares. The market value of the shares sold is approximately ₹770.80 crore, based on a share price of ₹1681.90.
India's largest private port operator, Adani Ports develops, operates, and maintains port infrastructure across multiple locations nationwide. The company manages cargo handling facilities, vessel operations, and related logistics services, alongside a multi-product Special Economic Zone at Mundra that supports integrated industrial operations. Its vertically integrated port-SEZ model enables comprehensive supply chain solutions and infrastructure development for diverse industries.
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.