EID Parry India Limited
PPFAS Mutual Fund bought 17,40,094 shares of EID Parry India for ₹128.05 Cr at ₹735.90 apiece in an open market transaction, increasing its stake from 4.86% to 5.83% and crossing the 5% disclosure threshold.
A diversified basic materials company, E.I.D.-Parry operates across sugar production, nutraceuticals, and ethanol manufacturing with significant operations spanning multiple regions. The company maintains a strong presence in farm inputs and bio-pesticides through its subsidiary Coromandel International Limited, serving agricultural and industrial markets across India with integrated solutions for farmers and enterprises.
Founded by Parag Parikh Financial Advisory Services, best known for the Parag Parikh Flexi Cap Fund which invests in both Indian equities and select global large-caps including Meta, Alphabet, and Microsoft. Manages over Rs 1.2 lakh crore with a concentrated, long-duration, value-focused approach. CIO Rajeev Thakkar is one of India's most respected investors with a Munger-influenced thinking style.