Mahindra & Mahindra Financial Services Limited
SBI Life Insurance decreased its stake in Mahindra & Mahindra Financial Services Limited from 1.55% to 1.41%, selling 19,47,500 shares. The value of shares sold was ₹70.78 crore, at an approximate price of ₹363.00 per share.
A non-banking financial company within the Mahindra Group, it specializes in financing solutions for new and pre-owned automobiles, tractors, commercial vehicles, and construction equipment across India. The company also provides credit facilities to small and medium enterprises. It operates as a dedicated lender focused on vehicle, equipment, and SME financing, serving customers in the automotive, agricultural, and industrial sectors nationwide.
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.