Jindal Steel Limited
Aditya Birla Sun Life Mutual Fund reduced its stake in Jindal Steel Limited from 1.32% to 1.31%, trimming 40,869 shares, amid a rights issue context.
One of India's leading steel producers, Jindal Steel manufactures a comprehensive range of steel products serving construction, automotive, infrastructure, and industrial sectors. The company operates integrated steel facilities and maintains significant presence in mining operations across India. Through international subsidiaries, it has expanded operations to multiple countries in Africa and the Asia-Pacific region, establishing a global footprint.
Joint venture between Aditya Birla Capital and Sun Life Financial of Canada. Among India's top five AMCs with over Rs 6.5 lakh crore in AUM across 100+ schemes. MD and CEO A. Balasubramanian is one of the most outspoken fund industry voices in India. CIO Mahesh Patil oversees the equity book with a consistent large and multicap tilt.