Standard Industries Limited
LIC reduced its stake in Standard Industries from 1.27% to 1.19%, selling 50,920 shares.
A diversified conglomerate with operations spanning property division, textiles, and chemicals. Established in 1892, Standard Industries has developed a multi-sector business model covering real estate services, textile manufacturing, and chemical production. The company serves domestic and commercial markets across these verticals, leveraging its long operational history to maintain presence in property trading and industrial manufacturing segments.
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.