Lumax Industries Limited
HDFC Mutual Fund increased its stake in Lumax Industries from 5.28% to 6.01%, acquiring 68,358 additional shares for ₹35.45 crore at ₹5186.50 apiece. The transaction crosses the 5% disclosure threshold.
A leading manufacturer of automotive lighting and electrical components for India's vehicle industry, Lumax Industries operates through multiple manufacturing facilities across several states. Founded in 1945 as a trading company, it has evolved into a specialized producer of lighting solutions and automotive parts. The company is supported by technical collaboration with a Japanese partner and serves major Indian automakers with innovative lighting and electrical components.
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.