American Funds (Capital Group) increased its stake in Shaily Engineering Plastics from 7.43% to 7.80%, purchasing 176,885 shares. The shares were valued at ₹48.73 crore, at a price of ₹2760.60 apiece.
A manufacturer of injection moulded precision plastic components and sub-assemblies designed for original equipment manufacturers across diverse industrial sectors. The company specializes in producing customized plastic parts that serve automotive, appliance, electronics, and industrial applications. Shaily Engineer operates as a vertically integrated producer, offering comprehensive design support, tooling capabilities, and manufacturing solutions to meet specific OEM requirements and quality standards.
India equity holdings of American Funds, the mutual fund family of Capital Group. Long-only, fundamentally driven strategy.
