Ashok Leyland Limited
SBI Life Insurance decreased its stake in Ashok Leyland Limited from 1.27% to 1.15%, selling 7,470,696 shares. The approximate value of the shares sold is ₹131.65 crore, at a share price of ₹176.23.
A leading manufacturer of medium and heavy commercial vehicles, the company operates through a vertically integrated manufacturing setup with a strong brand presence. It maintains an extensive distribution and service network across India and operates in fifty countries globally. Headquartered in Chennai, the company also runs driver training institutes that have trained over eight hundred thousand drivers since its inception.
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.