DCM Nouvelle Limited
LIC has dropped off the latest shareholder list for DCM Nouvelle Limited. Having last held 1.2 percent, LIC either completely exited the position or trimmed its stake to just below the 1 percent reporting threshold.
A manufacturer and seller of cotton yarn, DCM Nouvelle Ltd operates in India's textile sector with a focus on producing quality yarn products for domestic and industrial use. Incorporated in 1991, the company specializes in cotton yarn manufacturing and distribution, serving downstream textile industries including weavers and garment manufacturers. The firm maintains dedicated production operations in textile manufacturing with an emphasis on consistent yarn quality.
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.