HDFC Life Exits Finolex Industries, Sells Entire 1.29% Stake for ₹137 Crore

HDFC Life Insurance Company has exited its investment in Finolex Industries by selling its entire 1.29% stake through bulk market transactions. The insurer sold approximately 80.47 lakh shares of the company for around ₹137 crore.

Details of the Bulk Deal

On June 17, 2026, HDFC Life sold a total of 80.47 lakh equity shares of Finolex Industries in 2 separate bulk deals.

The insurer sold:

• 42.70 lakh shares on the NSE
• 37.77 lakh shares on the BSE

The transactions were executed at prices of ₹169.71 and ₹169.62 per share, respectively.

Following the sale, HDFC Life no longer holds any stake in Finolex Industries.

About HDFC Life

HDFC Life is one of India's leading private life insurance companies. Established in 2000 as a joint venture, the company offers a wide range of insurance products, including term insurance, ULIPs, retirement plans, health insurance, and group insurance solutions.

Finolex Industries Share Price Performance

Finolex Industries share price (NSE: FINPIPE) have shown mixed performance across different time periods.

• The stock gained nearly 2% over the last 5 trading sessions.
• It rose around 6% during the past one month.
• The stock delivered a return of about 5% over the last 6 months.
• However, it remains down nearly 25% over the past 1 year.

Finolex Industries Q4FY26 Financial Performance

Despite the stake sale, Finolex Industries reported a strong set of financial results for the fourth quarter of FY26.

Net Profit

The company's consolidated net profit increased 59% year-on-year to ₹261.25 crore in Q4FY26, compared with ₹164.58 crore in the same quarter last year.

Revenue

Revenue from operations rose 12% year-on-year to ₹1,314 crore, up from ₹1,172 crore reported in Q4FY25.

EBITDA and Margin

Finolex Industries reported EBITDA of ₹332 crore during the quarter, significantly higher than ₹171 crore recorded a year ago.

The company's EBITDA margin improved sharply to 25% from 15% in the corresponding quarter of the previous financial year, reflecting stronger profitability and operating performance.

About Finolex Industries

Finolex Industries is India's largest manufacturer of PVC pipes and fittings and one of the country's leading PVC resin producers. The company caters to agriculture, plumbing, sanitation, and infrastructure sectors.

Read more: Reliance AGM Scheduled for Tomorrow on June 19, 2026: Jio IPO, Retail Growth and 2 Other Things To Watch For!

Conclusion

HDFC Life has completely exited its investment in Finolex Industries by selling its 1.29% stake through bulk deals worth around ₹137 crore. 

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