RACL Geartech Limited
Ashoka WhiteOak decreased its stake in RACL Geartech from 1.86% to 1.80%, selling 7,259 shares. The fund now holds 2,12,422 shares.
A manufacturer and exporter of automotive gears and components, RACL Geartech specializes in precision-engineered products for the automotive industry. Incorporated in 1983, the company serves both domestic and international markets with a focus on gear manufacturing and component production for commercial vehicles and passenger cars. Its core strength lies in delivering high-quality drivetrain solutions and customized components to automotive manufacturers across multiple vehicle segments and applications.
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.