HDFC Life Insurance decreased its stake in The Federal Bank Limited from 2.38% to 2.16%, reducing its shareholding by 5,283,533 shares.
A private sector bank incorporated in 1931, Federal Bank provides comprehensive retail and corporate banking services to customers across India. The bank offers para banking activities including debit card services, third-party product distribution, treasury operations, and foreign exchange business. Headquartered in Kerala, it maintains a significant presence in the financial services sector and serves both individual and institutional clients through its extensive branch network and digital platforms.
HDFC Life Insurance Company Limited, institutional investor in Indian equities
