Vakrangee Limited
LIC decreased its stake in Vakrangee Limited from 4.10% to 4.02%, selling 851,239 shares for ₹52.09 lakh. The transaction occurred at an approximate share price of ₹6.12.
A provider of IT-enabled services established in 1990, Vakrangee operates a distributed network of Vakrangee Kendras offering e-commerce solutions in bullion, jewellery, and related product categories on both B2B and B2C bases. The company also undertakes multi-state data digitization projects and provides software licensing services to support its diverse business operations across India.
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.