SBI Life Insurance decreased its stake in Larsen & Toubro from 1.12% to 1.11%, selling 120,630 shares. The value of the shares sold is approximately ₹49.34 crore, based on a share price of ₹4090.00.
A multinational conglomerate providing engineering, procurement, and construction solutions across infrastructure, hydrocarbon, power, process industries, and defence sectors in domestic and international markets. The company delivers integrated project execution capabilities and maintains significant operations in information technology and financial services. Larsen & Toubro serves clients globally with comprehensive technical expertise and execution capabilities across multiple industrial verticals.
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.
