Astorne Capital decreased its stake in Ratnaveer Precision Engineering Limited from 3.90% to 1.47% by selling 16 lakh shares. The value of the shares sold is ₹28.9 crore at ₹180.66 apiece.
A manufacturer of stainless steel products serving diverse industrial applications across India. Incorporated in 2000, the company produces a comprehensive range of SS components, fasteners, and engineered products for automotive, machinery, pharmaceutical, food processing, and infrastructure sectors. It operates integrated manufacturing facilities focused on precision engineering, quality standards, and custom solutions. The company serves both domestic and export markets with specialized capabilities in stainless steel fabrication and finishing.
Astorne Capital is a Singapore-based variable capital company managed by fund manager Prosperitas Capital, investing in Indian listed and SME equities.