Oracle Financial Services Software Limited
LIC decreased its stake in Oracle Financial Services Software by selling 2,35,036 shares. The stake decreased from 2.34% to 2.07% of the company.
A software services provider serving the financial services industry, Oracle Financial Services develops financial software solutions and custom applications for banking and financial institutions globally. The company offers consulting, IT infrastructure management, and business process outsourcing services to clients across the sector. Based in Mumbai since its incorporation in 1989, it operates as a subsidiary of Oracle Global and serves diverse financial services customers.
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.