Spencer's Retail Limited
LIC decreased its stake in Spencer's Retail Limited from 1.47% to 1.44%, selling 30,179 shares.
An organized retail operator that develops, conducts, and promotes departmental and neighborhood stores across India through various retail formats. Spencer's Retail manages physical retail locations designed to serve diverse customer segments in multiple cities. The company operates a network of stores spanning different geographies, offering a range of retail experiences tailored to local market demands.
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.