Rail Vikas Nigam Limited
LIC decreased its stake in Rail Vikas Nigam Limited from 6.12% to 5.74% by selling 79,99,584 shares.
A government-owned enterprise incorporated in 2003, Rail Vikas Nigam implements railway infrastructure projects assigned by India's Ministry of Railways. The company executes diverse projects including line doubling, gauge conversion, new railway lines, electrification, major bridge construction, workshops, and production units. Operating under concession agreements with the Ministry of Railways, the company also participates in freight revenue sharing arrangements as a key execution agency for rail modernization.
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.