Abu Dhabi Investment Authority decreased its stake in ASK Automotive Limited from 1.51% to 1.40%, selling 225,017 shares. The value of the remaining stake is about ₹178 Cr based on the company's market capitalization.
A manufacturer of advanced braking systems for two-wheelers in India, ASK Automotive specializes in developing and producing high-performance brake components since its incorporation in 1988. The company focuses on delivering safety-critical automotive solutions to the two-wheeler segment, serving both domestic and international markets. Its core expertise lies in braking technology innovation, precision engineering, and manufacturing for the motorcycle and scooter industry across multiple platforms.
Sovereign wealth fund of the Emirate of Abu Dhabi, established in 1976 and one of the world's largest SWFs with around USD 1 trillion in assets. Long-term, multi-decade horizon. Indian equities sit inside its emerging markets allocation and ADIA is a consistent anchor in marquee Indian IPOs and large-block deals.
