DCB Bank Limited
Mahindra Manulife Mutual Fund reduced its stake in DCB Bank from 2.62% to 1.89%, selling 23,42,513 shares.
A private sector bank headquartered in Mumbai, DCB Bank provides comprehensive retail and corporate banking services across India. The bank offers a range of deposit products, personal and business loans, and investment solutions to individuals and corporate clients through its extensive branch network and digital platforms. Founded in 1995, DCB Bank emphasizes personalized banking services and maintains a significant presence in key markets nationwide.
Joint venture between Mahindra Group and Manulife Investment Management of Canada. Manages over Rs 30,000 crore. Focuses on equity and hybrid fund strategies with a quality growth bias inherited from the Manulife global investment framework. Leverages the Mahindra Group's brand and distribution reach for retail investor outreach.