Mahindra Manulife Mutual Fund initiated a new position in Mold-Tek Packaging, acquiring 7,74,432 shares representing a 2.33% stake. The investment is valued at ₹53.86 Cr, based on Mold-Tek Packaging's share price of ₹695.60.
A manufacturer of injection-molded plastic containers serving industries including lubricants, paints, food, chemicals, and pharmaceuticals. The company produces rigid and semi-rigid containers designed for various consumer and industrial applications across multiple sectors. Operating through advanced manufacturing facilities, it provides customized packaging solutions tailored to specific product requirements and customer needs throughout India.
Joint venture between Mahindra Group and Manulife Investment Management of Canada. Manages over Rs 30,000 crore. Focuses on equity and hybrid fund strategies with a quality growth bias inherited from the Manulife global investment framework. Leverages the Mahindra Group's brand and distribution reach for retail investor outreach.