Canara HSBC Life Insurance Company Limited
Mirae Asset Mutual Fund increased its stake in Canara HSBC Life Insurance Company Limited from 3.81% to 4.03% by buying 21,18,558 shares. The additional stake is valued at ₹31.72 Cr.
A life insurance company headquartered in Gurugram, Canara HSBC offers a comprehensive range of insurance products and investment-linked solutions to customers across India. The company operates as a joint venture between Canara Bank and HSBC Insurance, combining domestic banking expertise with international insurance capabilities and experience. It serves individual and corporate clients through multiple distribution channels nationwide.
Indian arm of South Korea's Mirae Asset Global Investments, one of Asia's largest asset managers. Manages over Rs 2.5 lakh crore in India across equity and hybrid funds. CIO Neelesh Surana has built a reputation for rigorous bottom-up stock selection with a long-term quality growth bias. Mirae Asset Emerging Bluechip Fund built a cult following before being closed to fresh investments due to size.