City Union Bank Limited
SBI Life Insurance increased its stake in City Union Bank Limited from 2.42% to 2.73%, acquiring 9,028,533 shares. This increased its total holding to 27,014,134 shares, worth ₹573.26 crore at a share price of ₹212.20.
A banking company headquartered in Tamil Nadu, City Union Bank Limited provides comprehensive financial services to retail and corporate customers across India. The bank operates through multiple segments including Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Operations. It delivers personalized banking solutions through its extensive branch network and digital platforms, serving diverse customer needs in the Indian financial market.
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.