HDFC Mutual Fund increased its stake in M & B Engineering Limited from 1.47% to 1.65%, buying 1,00,000 shares. This additional acquisition occurred in the context of a rights issue.
A design-led engineering solutions provider incorporated in 1981, M and B Engineering delivers specialized industrial equipment and comprehensive services across multiple sectors in India. The company focuses on custom engineering design, manufacturing, and project execution for diverse industrial applications. Its distinctive approach combines deep technical expertise with tailored solutions developed specifically for individual client requirements and operational challenges.
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.
