GE Vernova T&D India Limited

Axis Mutual Fund decreased its stake in GE Vernova T&D India Limited from 1.90% to 1.75%, selling 392,386 shares. The value of the remaining stake is ₹196.48 Cr based on the share price of ₹4387.40.

A leading provider of power transmission and distribution solutions in India, GE Vernova T&D operates within the Grid Solutions business of General Electric. The company designs and manufactures equipment for connecting generation sources to electrical grids, serving utilities and infrastructure developers across the nation. With over a century of industry experience, it offers a comprehensive range of products for power evacuation and grid connectivity.

Subsidiary of Axis Bank, India's third-largest private sector bank. Manages over Rs 3.5 lakh crore in AUM. Built its brand on a quality growth equity philosophy with concentrated high-conviction portfolios. Flagship Axis Flexi Cap and Axis Bluechip funds are widely held among retail investors and drove significant AUM growth through the 2017-2021 bull cycle.