Universal Cables Limited
PGIM India Alternatives increased its stake in Universal Cables Limited from 1.03% to 1.13%, raising its shareholding from 356,224 to 391,224 shares.
A manufacturer of power cables and electrical components serving India's infrastructure, industrial, and utility sectors. Universal Cables produces a comprehensive range of power cables spanning low to high voltage applications, along with capacitors, conductors, and various specialized wire products. The company also undertakes turnkey projects, providing integrated solutions for power distribution, transmission, and electrical systems across diverse industries.
PGIM India Alternatives is the alternative investments arm of PGIM India, running Category III AIFs. Led by Chief Investment Officer for Alternatives Aniruddha Naha, it follows a Growth at Reasonable Price, process-driven approach built around high-conviction themes across discretionary consumption, manufacturing and capital expenditure, financialisation and digitisation. Its Equity Growth Opportunities Fund is a close-ended strategy focused on quality small and mid-cap businesses.
