Nestle India Limited
LIC reduced its stake in Nestle India from 5.85% to 4.91% by selling 1,80,16,351 shares, crossing below the 5% disclosure threshold.
A leading packaged food company operating as the Indian subsidiary of Swiss multinational Nestle, the company manufactures and distributes a diverse range of food and beverage products across Indian households and institutions. Its core business spans nutritional products, culinary solutions, and confectionery items tailored for Indian consumers. The company distinguishes itself through combining global expertise with deep local market understanding and maintaining an extensive distribution network throughout 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.