Mahindra & Mahindra Limited
LIC increased its stake in Mahindra & Mahindra Limited from 6.45% to 7.05% by acquiring 73,19,756 shares, taking its total holding to 8,61,80,232 shares.
A diversified automobile manufacturer, Mahindra & Mahindra designs and produces vehicles across multiple segments including two-wheelers, three-wheelers, passenger cars, commercial vehicles, tractors, and earthmoving equipment. The company serves both domestic and international markets through its comprehensive product range. Its vertically integrated operations and broad presence across diverse automotive categories distinguish it as one of India's most diversified automobile manufacturers in the 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.