United Foodbrands Limited
UTI Mutual Fund sold 43,780 shares of United Foodbrands Limited through the open market, reducing its stake from 7.18% to 7.07%.
A casual dining restaurant chain operating across India, United Foodbrands specializes in grilled meat and seafood offerings through its Barbeque Nation brand. The company manages both company-owned and franchise outlets, focusing on the interactive dining experience of tabletop grilling where customers cook at their tables. Incorporated in 2006, it operates as a vertically integrated hospitality business with a presence across multiple Indian cities and towns.
India's oldest and most storied asset manager, founded in 1963 as the Unit Trust of India under an Act of Parliament. Now manages over Rs 3.5 lakh crore with backing from four public sector institutions: LIC, SBI, Bank of Baroda, and Punjab National Bank. CIO Vetri Subramaniam is a long-term compounder with a consistent quality tilt and clear articulation of process.