Reliance Industries Limited
LIC increased its stake in Reliance Industries Limited from 904,443,047 to 915,033,063 shares, taking its stake from 6.80% to 6.88%.
India's largest petrochemicals and refining company, Reliance Industries operates vertically integrated facilities across crude oil refining, petrochemicals production, and downstream marketing. The conglomerate also maintains significant operations in telecommunications, retail, and renewable energy sectors. Founded by Dhirubhai Ambani, the company remains family-promoted with the Ambani family holding substantial shareholding and active management involvement.
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.