Indian Oil Corporation Limited
LIC reduced its stake in Indian Oil Corporation Limited from 6.04% to 6.01%, selling 4,044,121 shares.
India's largest integrated energy company operates across the entire hydrocarbon value chain, including crude oil refining, pipeline transportation, petroleum product marketing, natural gas distribution, petrochemicals production, and exploration and production activities. The state-controlled enterprise maintains a dominant position in domestic oil refining and fuel retail sectors. Its integrated business model spans upstream, midstream, and downstream energy solutions across the country.
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.