Aditya Birla Lifestyle Brands Limited
SBI Life Insurance decreased its stake in Aditya Birla Lifestyle Brands Limited from 3.80% to 3.78% by selling 250,000 shares. The value of shares sold is ₹2.37 Cr at ₹94.88 apiece.
A premium western wear retailer, Aditya Birla Lifestyle Brands operates a diverse portfolio of fashion brands catering to the Indian consumer market across multiple segments. The company specializes in contemporary clothing, footwear, and accessories, serving customers seeking quality western wear. Backed by the Aditya Birla Group's resources and retail expertise, it competes in India's growing lifestyle and fashion retail sector through established distribution channels and brand recognition.
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.