HDFC Mutual Fund decreased its stake in Bajaj Auto from 2.12% to 1.60%, selling 1,462,585 shares for ₹152.74 Cr at ₹10443.00 apiece.
A leading two and three-wheeler manufacturer headquartered in Pune, Bajaj Auto designs and produces motorcycles, scooters, and auto-rickshaws for domestic and international markets. The company exports to multiple countries across Latin America, Southeast Asia, Africa, and the Middle East. Through its significant ownership stake in KTM, Bajaj also manufactures premium sports and super sports motorcycles, strengthening its position in the global two-wheeler industry.
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.
