Abakkus Mutual Fund, which previously held 1.03 percent of Shriram Pistons & Rings Limited, no longer appears on the company's latest disclosed shareholder list, indicating either a complete exit or a reduction in their stake below the 1 percent reporting threshold.
A manufacturer of pistons, piston pins, piston rings, and engine valves, Shriram Pistons supplies critical engine components to leading automotive companies across India and international markets. The company specializes in precision-engineered components for passenger vehicles, commercial vehicles, and two-wheelers. Its vertical integration in manufacturing and focus on quality control distinguish it as a reliable supplier in the auto components sector.
AMC arm of Abakkus Asset Manager, founded by Sunil Singhania, former CIO of Reliance Mutual Fund who oversaw the equity book when it was India's largest. Launched its maiden Flexi Cap Fund in December 2025, raising Rs 2,468 crore in the NFO alone, and crossed Rs 5,000 crore within months. The MF licence brings Sunil Singhania's quality small and midcap compounding philosophy to all retail investors.