Lumax Auto Technologies Limited
SBI Life Insurance entered Lumax Auto Technologies with 725,000 shares, acquiring a 1.06% stake worth ₹103 Cr at ₹1419.60 apiece.
A manufacturer of automotive components serving India's two, three, and four-wheeler segments, Lumax Auto Tech produces lamps, plastic moulded parts, and frame chassis for original equipment manufacturers. Established in 1981 as part of the D.K. Jain Group, the company operates through partnerships with global players including Yokowo from Japan and JOPP from Germany, enhancing its manufacturing capabilities and market reach across the automotive industry.
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.