UltraTech Cement Limited
Kotak Mutual Fund, which previously held a 1.13 percent stake in UltraTech Cement Limited, is no longer listed among the company's disclosed shareholders, indicating either a complete sale or a reduction in its holding to below the 1 percent reporting threshold.
A leading cement manufacturer engaged in the production and distribution of cement and cement-related products across India and international markets. The company operates integrated cement plants equipped with modern technology and infrastructure to serve the construction, infrastructure, and industrial sectors. UltraTech maintains significant manufacturing capacity and operates an extensive distribution network across multiple regions to meet diverse customer requirements.
Wholly owned subsidiary of Kotak Mahindra Bank, one of India's leading private banks. Manages over Rs 4.5 lakh crore in AUM. MD Nilesh Shah is a fixture in Indian financial media and one of the most quoted fund managers in the country. Known for disciplined quality growth positioning and clear communication of investment rationale to investors.