Ajax Engineering Limited

DecreasedQuarterly

AJAXENGGConstruction VehiclesMarket Cap₹6K Cr

Stake

1.61% → 1.26%

Ashoka WhiteOak

Foreign Investor

The move

Ashoka WhiteOak decreased its stake in Ajax Engineering Limited from 1.61% to 1.26%, selling 399,300 shares for ₹23.7 Cr at ₹594.00 apiece.

About Ajax Engineering Limited

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A manufacturer of concrete equipment and machinery, Ajax Engineering designs and produces a comprehensive range of products for the construction sector. Founded in 1992, the company operates across the entire value chain of concrete equipment, serving builders and construction firms throughout India. Its portfolio includes concrete mixers, pumps, and related machinery for concrete handling, placement, and processing. The company provides both equipment and associated services to support construction operations.

About Ashoka WhiteOak

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India equity vehicle of WhiteOak Capital, the Singapore-headquartered manager founded in 2017 by Prashant Khemka, former CIO of Goldman Sachs Asset Management's India Equity and Global Emerging Markets businesses. WhiteOak group manages USD 10.8 bn (~Rs 96,000 cr) across SMAs and funds. Ashoka India Opportunities Fund ranks as the best-performing India UCITS fund since 2018 inception.

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More moves in Ajax Engineering Limited

Franklin Templeton Mutual FundNew position

Franklin Templeton Mutual Fund initiated a new position in Ajax Engineering Limited, acquiring 11,62,198 shares for a 1.02% stake in the company.

21 Jul 2026

WhiteOak Capital Mutual FundIncreased

WhiteOak Capital Mutual Fund increased its stake in Ajax Engineering Limited from 1.57% to 1.83%, raising its shareholding from 1,792,787 to 2,098,824 shares. The approximate value of the increased stake was ₹12.18 Cr based on the share price of ₹594.00.