LIC Mutual Fund decreased its stake in Bharat Bijlee Limited from 3.96% to 2.68% by selling 1,44,471 shares. The value of the sold shares is approximately ₹38.56 crore, calculated at a share price of ₹2668.20.
An electrical engineering company established in 1946, Bharat Bijlee manufactures transformers, electric motors, elevator systems, drives, and automation equipment for industrial and infrastructure applications. The company also provides comprehensive turnkey solutions for EHV switchyards, HV and MV substations, and electrical balance of plant systems. It serves as a diversified provider of electrical infrastructure and equipment across India's power and industrial sectors.
AMC arm of Life Insurance Corporation of India, the country's largest insurance company. Manages over Rs 30,000 crore. As India's pre-eminent state-owned insurer turns to asset management, LIC MF benefits from unmatched pan-India distribution through LIC's massive agent network. Focused on conservative equity and debt products for long-term retail savers.