The Jammu & Kashmir Bank Limited
LIC, which previously held 1.13 percent of The Jammu & Kashmir Bank Limited, is no longer listed among its disclosed shareholders, indicating either a complete exit or a reduction below the 1 percent reporting threshold.
A privately held banking institution headquartered in Jammu and Kashmir, the bank provides comprehensive retail banking, corporate banking, and treasury services across India. It holds the unique distinction of being the only private sector bank assigned to convene State and Union Territory Level Bankers' Committee meetings. The bank fulfills lead bank responsibilities in twelve districts of Jammu and Kashmir, supporting regional financial development.
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.