Ashok Leyland Limited
T. Rowe Price increased its stake in Ashok Leyland by buying 172,726 shares, raising its holding from 1.28% to 1.29%. The value of the shares was ₹3.04 Cr, with each share priced at ₹176.23.
A leading manufacturer of medium and heavy commercial vehicles, the company operates through a vertically integrated manufacturing setup with a strong brand presence. It maintains an extensive distribution and service network across India and operates in fifty countries globally. Headquartered in Chennai, the company also runs driver training institutes that have trained over eight hundred thousand drivers since its inception.
Baltimore-based active asset manager founded in 1937, managing about US$1.5 trillion. It invests in India through several of its funds, including its International Discovery, Emerging Markets Discovery, New Asia and Global Allocation strategies, using bottom-up fundamental research to back growing companies.