Ashoka Buildcon Limited
HDFC Mutual Fund decreased its stake in Ashoka Buildcon from 5.98% to 5.69%, selling 8,26,632 shares. The value of the shares sold is ₹10.92 Cr at ₹132.16 apiece.
A civil construction and infrastructure company, Ashoka Buildcon executes large-scale projects on engineering, procurement, and construction (EPC) and build-operate-transfer (BOT) models across India. The company also manufactures and supplies ready-mix concrete and switchgear products to industrial and commercial clients. Its diversified business model spans transportation, water management, and infrastructure development sectors.
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.