HDFC Life Insurance decreased its stake in IDFC First Bank Limited from 2.32% to 2.29%, selling 2,144,249 shares. HDFC Life Insurance was one of six insurers that bought shares in IDFC First Bank's ₹3,200 crore preferential allotment in July 2024.
A private sector bank providing comprehensive banking services across retail, corporate, and wholesale segments to customers throughout India. IDFC First Bank was formed through the merger of IDFC Bank and Capital First in 2018, combining their complementary strengths and expertise. The bank operates an extensive network of branches and digital channels, offering lending products, deposit accounts, investment solutions, and other financial services to individuals and businesses.
HDFC Life Insurance Company Limited, institutional investor in Indian equities
