Oil & Natural Gas Corporation Limited
LIC decreased its stake in Oil & Natural Gas Corporation Limited from 10.18% to 9.95% by selling 28,757,932 shares. The value of the decreased holding by LIC in ONGC was ₹7,048 crore as of June 30, 2026.
India's largest crude oil and natural gas producer, this company engages in exploration, development, and production of hydrocarbons across diverse geographic regions. Operating both onshore and offshore fields, it supplies a substantial portion of the nation's domestic energy requirements. The company maintains an integrated upstream portfolio spanning multiple basins and plays a critical role in India's energy security and self-sufficiency.
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.