Canara HSBC Life Insurance Company Limited
HDFC Mutual Fund reduced its stake in Canara HSBC Life Insurance Company from 4.09% to 3.94%, selling 13,70,672 shares for approximately ₹17.56 Cr at ₹128.12 apiece.
A life insurance company headquartered in Gurugram, Canara HSBC offers a comprehensive range of insurance products and investment-linked solutions to customers across India. The company operates as a joint venture between Canara Bank and HSBC Insurance, combining domestic banking expertise with international insurance capabilities and experience. It serves individual and corporate clients through multiple distribution channels nationwide.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.