Berger Paints (I) Limited
LIC trimmed its stake in Berger Paints from 4.20% to 4.12%, reducing its holding by 8,98,796 shares. The decrease occurred in the context of a rights issue.
A leading manufacturer and distributor of decorative and industrial paints in India, Berger Paints produces a comprehensive range of coating solutions for residential, commercial, and industrial applications. The company operates through an extensive network of dealers and retail outlets across the country, serving both individual consumers and large-scale projects. Its distinctive strength lies in its formulation expertise and widespread distribution infrastructure that enables rapid market penetration across diverse customer segments.
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.