Kotak Mahindra Bank Limited
SBI Life Insurance decreased its stake in Kotak Mahindra Bank from 1.05% to 1.02%, selling 2,670,759 shares.
A diversified financial services group providing comprehensive banking and financial solutions to retail, corporate, and institutional clients. Its core offerings include retail banking, corporate and treasury banking, investment banking, stock broking, vehicle finance, asset management, life insurance, and general insurance. The company delivers advisory services across its operations and maintains a broad presence in India's financial services sector.
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.