Craftsman Automation Limited
HDFC Mutual Fund acquired a new position in Craftsman Automation Limited with 6,89,976 shares, representing a 2.64% stake. This is likely part of a Qualified Institutional Placement (QIP) where Craftsman Automation allotted 22,98,850 equity shares at ₹8,700 per share, raising ₹2,000 crore. HDFC Flexi Cap Fund was the largest allottee in this QIP, receiving 3,79,310 shares. The total value of HDFC Mutual Fund's new position in Craftsman Automation is approximately ₹640.48 crore based on the share price of ₹9282.50.
A precision manufacturing company that produces components and sub-assemblies for the automotive, industrial, and engineering sectors on a supply and job-work basis. Operating since 1986 from its Coimbatore headquarters, the company has established itself as a leader in precision manufacturing across diverse fields. It operates 12 manufacturing plants, including 10 satellite units, spread throughout India to serve clients with custom-built solutions tailored to their specifications.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.