Havells India Limited
HDFC Mutual Fund raised its stake in Havells India Limited from 3.49% to 4.95%, purchasing 91,94,138 shares.
A leading Fast Moving Electrical Goods manufacturer, Havells India produces a comprehensive range of circuit protection devices, cables, wires, motors, fans, modular switches, and home appliances including air conditioners and water heaters. The company serves domestic, commercial, and industrial markets with power distribution equipment and luminaires, maintaining strong global presence and market dominance across its diverse product portfolio.
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.