UTI Mutual Fund increased its stake in GHCL Limited from 2.78% to 2.92%, raising its shareholding from 2,559,946 to 2,692,144 shares.
A leading producer of soda ash in India, GHCL operates primarily in the commodity chemicals sector. The company manufactures soda ash, a key industrial chemical serving diverse end-use applications including glass manufacturing, detergent production, and chemical processing. Soda ash production forms the cornerstone of its business operations, establishing the company as a significant player in India's chemical manufacturing landscape.
India's oldest and most storied asset manager, founded in 1963 as the Unit Trust of India under an Act of Parliament. Now manages over Rs 3.5 lakh crore with backing from four public sector institutions: LIC, SBI, Bank of Baroda, and Punjab National Bank. CIO Vetri Subramaniam is a long-term compounder with a consistent quality tilt and clear articulation of process.
