Shyam Metalics and Energy Limited
Invesco Mutual Fund increased its stake in Shyam Metalics and Energy Limited from 1.31% to 1.41%, raising its shareholding to 39,28,471 shares. The value of this increased stake is ₹40.16 Cr at ₹1022.50 apiece.
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.
Indian subsidiary of Invesco Ltd, a US-listed global investment manager with over USD 1.8 trillion in AUM worldwide. Manages over Rs 1.2 lakh crore in India. Known for its Invesco India Contra Fund, which runs a contrarian, undervalued stock strategy against consensus market positioning. One of the few global AMC franchises maintaining a strong active equity presence in India.