Navin Fluorine International Limited
LIC sold 10,32,341 shares of Navin Fluorine International for ₹622.14 Cr at ₹6026.50 apiece, decreasing its stake from 6.99% to 4.97% and crossing the 5% disclosure threshold.
A specialty chemicals manufacturer, Navin Fluorine International produces refrigeration gases, inorganic fluorides, and specialty organofluorines for global markets. The company operates an extensive portfolio of over 50 fluorinated compounds developed through decades of research and technical expertise. It also provides contract research and manufacturing services to pharmaceutical and chemical industries, with integrated operations that distinguish it within the specialty chemicals sector.
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.