NMDC Limited

LIC trimmed its stake in NMDC Limited from 4.54% to 3.73%, selling 7,20,91,231 shares.

A vertically integrated mineral producer, NMDC engages in exploration and production of iron ore and diamonds across multiple mining operations in India. The company manufactures sponge iron from its ore reserves and operates wind power generation facilities to support renewable energy goals. Its diversified portfolio spans mining, mineral processing, and renewable energy sectors, positioning it as a key player in India's natural resource 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.