HDFC Mutual Fund increased its stake in Carborundum Universal Limited from 1.69% to 1.70%, acquiring 3,896 additional shares. The value of the additional shares is ₹43.71 lakh, calculated at a share price of ₹1122.20.
A leading manufacturer of abrasives, ceramics, refractories, and electro-minerals, Carborundum Universal serves diverse industrial sectors including automotive, metalworking, construction, and heavy industries. Part of the Chennai-based Murugappa Group, the company operates integrated production facilities and offers specialized materials for grinding, cutting, finishing, and thermal applications. Its products address critical manufacturing and industrial processes, serving customers across domestic and international markets through established distribution networks and technical support.
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.
