Cyient DLM Limited
Franklin Templeton Mutual Fund trimmed its stake in Cyient DLM from 3.52% to 2.85%, selling 5,29,856 shares.
A leading electronics system design and manufacturing company, Cyient DLM provides comprehensive system design, integration, testing, and manufacturing of electronic components and subsystems for original equipment manufacturers in the aerospace, defense, and high-tech engineering sectors. The company serves a global customer base across India, Europe, North America, China, and Japan, delivering specialized solutions for complex industrial applications and mission-critical systems.
Indian arm of Franklin Templeton Investments, a global AMC with over USD 1.5 trillion in assets worldwide. Manages over Rs 1.2 lakh crore in India. Navigated a significant setback when six debt schemes were wound up in April 2020 due to illiquid credit exposure, with full investor capital recovered by 2022. Equity franchise led by CIO Anand Radhakrishnan has maintained consistent performance through the volatility.