Union Bank of India
LIC decreased its stake in Union Bank of India from 5.36% to 4.92%, selling 33,682,898 shares. This sale caused its stake to fall below the 5% disclosure threshold.
A public sector bank providing comprehensive banking services across retail, corporate, and government segments in India. Union Bank of India offers merchant banking, agency services, insurance products, mutual funds, and wealth management solutions to individual and institutional clients. The bank operates as a full-service financial institution with a wide network serving diverse customer needs 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.