Edelweiss Financial Services Limited
LIC trimmed its stake in Edelweiss Financial Services from 2.57% to 2.27%, selling 28 lakh shares. The value of the shares sold is ₹33.3 Cr at ₹118.85 apiece.
A diversified financial services holding company that provides investment banking, advisory services, and related financial solutions across Indian markets. Established in 1995, the company operates through multiple subsidiaries offering wealth management, credit facilities, and institutional services to corporate and individual clients. Its business model centers on leveraging financial expertise and domain knowledge across investment advisory, capital markets activities, and strategic financial partnerships.
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.