Dredging Corporation of India Limited
LIC decreased its stake in Dredging Corporation of India Limited from 3.28% to 1.12% by selling 6,03,925 shares. The shares were valued at approximately ₹70.09 crore at a price of ₹1160.50 apiece.
A state-owned enterprise providing integrated dredging services to ports, the Indian Navy, and maritime organizations across India. The company specializes in maintaining navigable waterways, deepening harbor channels, and supporting coastal infrastructure development through advanced dredging operations. DCI operates as a key player in India's maritime sector, offering specialized dredging expertise, technical capabilities, and equipment for both commercial and defense applications nationwide.
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.