HDFC Life Insurance decreased its stake in Finolex Cables from 1.88% to 1.69%, selling 284,019 shares. This reduced its holding from 2,870,297 shares to 2,586,278 shares. The value of shares sold is ₹36.68 Cr, at an average price of ₹1291.60 per share.
A leading manufacturer of electrical and telecommunication cables in India, Finolex produces a diverse range of power, control, and communication cables serving residential, commercial, and industrial segments. With over five decades of operational history, the company maintains strong market presence through its vertically integrated manufacturing facilities, extensive distribution network, and commitment to quality standards across its comprehensive product portfolio.
HDFC Life Insurance Company Limited, institutional investor in Indian equities
