Shyam Metalics and Energy Limited
Tata AIA Life Insurance reduced its stake in Shyam Metalics and Energy from 1.67% to 1.60%, selling 2,08,598 shares.
A vertically integrated steel manufacturer, Shyam Metalics produces iron pellets, sponge iron, TMT bars, long steel products, and ferro alloys for construction and industrial applications. The company also generates its own power to support operations. Its integrated production model enables control across the entire value chain from raw material processing to finished steel products delivery.
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.