Piramal Finance Limited
LIC decreased its position in Piramal Finance Limited, selling 15,08,676 shares to reduce its stake from 2.84% to 2.08%.
A housing finance company providing loans to retail customers for residential property purchase, construction, and loans against property. The firm specializes in home financing solutions and property-backed credit products for individual borrowers across India. Piramal Finance operates in the housing finance sector, offering tailored lending services to meet the residential property needs of customers seeking home ownership and construction financing options.
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.