LIC increased its stake in NHPC Limited from 5.04% to 5.68%, acquiring 64,278,190 shares. This transaction crossed the 5% disclosure threshold.
A Navratna public sector utility and India's flagship hydroelectric power generation company, NHPC Limited operates under the Government of India. The company generates and sells bulk electricity to power utilities across the nation while providing project management, construction contracts, and consultancy services. Beyond core hydroelectric operations, it engages in power trading activities, diversifying its revenue streams across the energy sector.
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.
