India Shelter Finance Corporation Limited
SBI Life Insurance reduced its stake in India Shelter Finance Corporation by selling 144,286 shares, decreasing its holding from 4.17% to 4.03%. The shares were valued at approximately ₹9.46 Cr, calculated using the last closing price of ₹655.25 per share.
A housing finance company incorporated in 1998, India Shelter Finance Corporation Limited provides financial solutions for residential property purchases and construction across India. The company focuses on lending to underserved segments of the housing market, particularly targeting affordable and mid-income housing segments. Its distinctive approach combines accessible financing with deep understanding of regional housing demand patterns and customer needs in tier-two and tier-three cities.
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.