Varroc Engineering Limited
Motilal Oswal Mutual Fund increased its stake in Varroc Engineering from 1.34% to 1.39%, acquiring 72,382 shares for ₹4.71 Cr at ₹651.15 apiece in a rights issue.
A global tier-1 automotive component manufacturer, Varroc Engineering designs and supplies critical parts and systems to major original equipment manufacturers across the world. Established in 1988 and headquartered in Chhatrapati Sambhaji Nagar, the company operates as the flagship entity of the Varroc Group. Its distinctive strength lies in serving diverse customer segments across multiple automotive platforms and geographies globally.
AMC arm of Motilal Oswal Financial Services, founded on the belief in long-term buy-and-hold quality investing. Manages over Rs 1.5 lakh crore. Famous for the QGLP (Quality, Growth, Longevity, Price) investment framework and concentrated portfolios with very low churn. Flagship Motilal Oswal Midcap and Motilal Oswal Flexi Cap funds reflect deep conviction positioning with 15-25 stock portfolios.