JK Tyre & Industries Limited
HDFC Mutual Fund increased its stake in JK Tyre & Industries from 5.45% to 6.21%, acquiring 2,204,728 shares. This additional acquisition of shares resulted in HDFC Mutual Fund crossing the 5% disclosure threshold.
One of India's leading tyre manufacturers, JK Tyre & Industries produces a comprehensive range of tyres for trucks, buses, light commercial vehicles, passenger cars, multi-utility vehicles, and tractors. The company ranks among the world's top 25 tyre manufacturers and serves diverse automotive segments across the Indian market. Operating as the flagship company of the JK Group, it maintains a strong presence in commercial and consumer vehicle segments.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.