Shilpa Medicare Limited
SBI Life Insurance increased its stake in Shilpa Medicare Limited from 2.03% to 2.31%, purchasing 554,346 additional shares. The value of SBI Life Insurance's holding in Shilpa Medicare is now ₹28.53 Cr at a share price of ₹630.20.
A pharmaceutical manufacturer producing niche active pharmaceutical ingredients, intermediates, and formulations for domestic and international markets. The company operates through injectable and oral dosage forms, offering contract research and manufacturing services to clients. Established in 1987, it maintains a vertically integrated manufacturing base across multiple therapeutic areas and serves both branded and generic segments through its subsidiary operations.
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.