HDFC Life Insurance decreased its stake in The Karnataka Bank Limited from 3.59% to 3.57%, selling 63,535 shares. The value of the shares sold was approximately ₹1.74 Cr at a price of ₹273.15 apiece.
A private sector bank based in Karnataka, it offers a broad range of banking and financial services to retail and corporate customers. The bank provides treasury operations, foreign exchange services, and para-banking activities. It operates multiple branches across India, delivering traditional and digital banking solutions to individual customers, businesses, and institutional clients through its network.
HDFC Life Insurance Company Limited, institutional investor in Indian equities
