Deepak Nitrite Limited
Franklin Templeton Mutual Fund decreased its stake in Deepak Nitrite Limited from 2.70% to 2.01%, selling 9,47,987 shares.
A specialty chemicals manufacturer established in 1970, the company produces basic intermediates, fine and specialty chemicals, performance products, and phenolics for diverse end-use industries. It serves pharmaceuticals, agrochemicals, paints, coatings, and other industrial sectors globally. The company operates integrated manufacturing facilities across multiple locations and maintains a strong focus on research and development to innovate and enhance its chemical product offerings.
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.