Finolex Cables Limited
Tata AIA Life Insurance reduced its stake in Finolex Cables from 2.44% to 1.96% by selling 7,35,762 shares, bringing its holding down to 30,02,786 shares.
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.
Joint venture between Tata Sons and AIA Group. AUM crossed Rs 1.3 lakh crore in May 2025, growing 27% YoY, making it one of the fastest-growing equity-oriented insurers in India. CIO Harshad Patil has run the investment book since 2014. Flagship Multi Cap Fund delivered 31.4% CAGR over 5 years, among the strongest performance in the ULIP universe.