Kirloskar Electric Company Limited
LIC's stake in Kirloskar Electric Company Limited decreased from 1.08% to 1.07% as its holding was diluted from 7,54,484 to 7,45,886 shares following a rights issue.
A manufacturer of electrical equipment based in India, Kirloskar Electric produces electric motors, alternators, generators, transformers, switchgear, and diesel generator sets for industrial, commercial, and domestic applications. Established in 1946, the company operates across multiple product categories within the power generation and distribution sector. Its vertically integrated manufacturing capabilities and diverse portfolio of electrical solutions distinguish it in the industry.
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.