06 Oct 2025 | 5 Mins Read
Insurance, Mutual Funds Buy 6% Stake in AB Lifestyle Brands for Rs 998 cr
Flipitmoney
Entities acquired 7.31 crore Aditya Birla Lifestyle Brands shares for Rs 998 crore, a 6% stake, through open market transactions at Rs 136.45 apiece. Key buyers include SBI Life Insurance, Aditya Birla MF, Morgan Stanley, and Goldman Sachs. Aditya Birla Sun Life MF and SBI Life Insurance bought 36.62 lakh and 1.73 crore shares respectively, increasing their holdings by 0.3% and 1.42%.