Hero MotoCorp Limited

LIC sold 40,11,383 shares of Hero MotoCorp for ₹1995.50 Cr at ₹4974.60 apiece through a market sale, decreasing its stake from 7.14% to 5.13% and crossing the 5% disclosure threshold.

India's largest two and three-wheeler manufacturer, the company designs, manufactures, and sells motorcycles and scooters for both domestic and international markets. Originally established as a joint venture with Honda in 1984, it became fully Indian-owned in 2011 when the Japanese partner exited. The company operates multiple manufacturing facilities across India and serves millions of customers through various product segments and distribution channels.

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.