NMDC Limited
SBI Life Insurance entered NMDC Limited with 8,89,86,247 shares, a 1.01% stake worth ₹739.39 crore at ₹83.22 apiece.
A vertically integrated mineral producer, NMDC engages in exploration and production of iron ore and diamonds across multiple mining operations in India. The company manufactures sponge iron from its ore reserves and operates wind power generation facilities to support renewable energy goals. Its diversified portfolio spans mining, mineral processing, and renewable energy sectors, positioning it as a key player in India's natural resource sector.
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.