Himatsingka Seide Limited
Sunil Singhania, through Abakkus Diversified Alpha Fund, sold 6,00,000 shares of Himatsingka Seide Limited for ₹5.60 Cr at ₹93.39 apiece on the open market, reducing its stake from 1.47% to 0.99%.
A vertically integrated global textile manufacturer that designs, develops, and distributes home textile products including bedding, bath items, drapery, and upholstery fabrics. The company operates world-class manufacturing capacities for fine-count cotton yarn and finished textiles, serving customers across residential and commercial markets worldwide. It maintains some of the largest installed production facilities for these categories globally.
The man who grew Reliance Mutual Fund's equity AUM from ₹200 Cr to nearly ₹80,000 Cr, one of the greatest fund management runs in Indian history. After leaving Reliance, Sunil Singhania launched Abakkus Asset Management (2018), which now manages ~₹36,700 Cr. Voted Best Fund Manager by Outlook Business (2016 & 2017). First Indian elected to the CFA Institute Board of Governors. His direct disclosed equity portfolio has consistently backed emerging industrials and financials before they became consensus.