SBI Life Insurance increased its stake in ASK Automotive Limited from 2.84% to 3.06%, increasing its shareholding from 5,607,572 to 6,036,170 shares. The value of this additional 428,598 shares is approximately ₹27.7 Cr at ₹646.35 apiece. SBI Life Insurance was also among the anchor investors in ASK Automotive's IPO in November 2023.
A manufacturer of advanced braking systems for two-wheelers in India, ASK Automotive specializes in developing and producing high-performance brake components since its incorporation in 1988. The company focuses on delivering safety-critical automotive solutions to the two-wheeler segment, serving both domestic and international markets. Its core expertise lies in braking technology innovation, precision engineering, and manufacturing for the motorcycle and scooter industry across multiple platforms.
Joint venture between State Bank of India and BNP Paribas Cardif. Manages over Rs 4.7 lakh crore in total AUM with the flagship SBI Life Equity Fund alone holding over Rs 77,000 crore. One of India's largest private life insurers by AUM, with a multi-cap equity book deployed across ULIP and participating funds.
