Aditya Birla Sun Life Mutual Fund decreased its stake in ICICI Lombard General Insurance Company Limited from 1.15% to 1.13%, selling 100,783 shares. This reduction in position is valued at approximately ₹16.33 Cr based on the share price of ₹1620.00.
A leading private sector general insurance company in India, ICICI Lombard provides a comprehensive range of insurance products and risk management solutions across motor, health, travel, home, and commercial segments. The company operates through multiple distribution channels including direct sales, brokers, and agents, serving both individual and corporate customers with customized coverage options and claim settlement services.
Joint venture between Aditya Birla Capital and Sun Life Financial of Canada. Among India's top five AMCs with over Rs 6.5 lakh crore in AUM across 100+ schemes. MD and CEO A. Balasubramanian is one of the most outspoken fund industry voices in India. CIO Mahesh Patil oversees the equity book with a consistent large and multicap tilt.
