SBI Life Insurance Company Limited
Mirae Asset Mutual Fund entered SBI Life Insurance Company with 1,29,36,225 shares, a 1.29% stake worth ₹2,369.45 Cr.
A leading life insurance provider in India, SBI Life Insurance offers comprehensive life insurance and annuity products to individual and corporate customers nationwide. The company operates as a joint venture between State Bank of India and BNP Paribas Cardif S.A., combining India's domestic banking expertise with international insurance experience. SBI Life serves millions of customers through an extensive distribution network spanning the country.
Indian arm of South Korea's Mirae Asset Global Investments, one of Asia's largest asset managers. Manages over Rs 2.5 lakh crore in India across equity and hybrid funds. CIO Neelesh Surana has built a reputation for rigorous bottom-up stock selection with a long-term quality growth bias. Mirae Asset Emerging Bluechip Fund built a cult following before being closed to fresh investments due to size.