PTC India Limited
LIC decreased its stake in PTC India Limited from 3.51% to 3.18%, reducing its shareholding from 10,393,018 shares to 9,422,281 shares. This constitutes a sale of 970,737 shares. The value of the sold shares is approximately ₹15.23 Cr, calculated at the current share price of ₹156.84.
India's largest power trading company, PTC India facilitates electricity transactions between generators and distribution companies across the country. Established as a public-private initiative in 1999, it operates as a neutral marketplace for power trading, offering physical contracts, renewable energy trading, and ancillary services. The company serves as a critical bridge between India's power producers and consumers, enabling efficient price discovery and broader market participation in the power 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.