AIA Engineering Limited
SBI Life Insurance increased its stake in AIA Engineering from 1.06% to 1.33%. The institution acquired 2,49,000 shares to take its total holding to 12,41,150 shares.
A manufacturer of high-chrome grinding media, liners, and diaphragms collectively known as mill internals, AIA Engineering serves the cement, power utility, aggregates, and mining industries globally. The company specializes in producing wear-resistant components used in crushing and grinding operations across these sectors. Its focused expertise in manufacturing durable mill internals for demanding industrial applications distinguishes it within the castings and forgings industry.
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.