Kotak Mutual Fund initiated a new position in InfoBeans Technologies Limited, acquiring 1,000,000 shares for a 1.03% stake. The total value of this acquisition was approximately ₹16.59 crore, based on a share price of ₹165.93.
A software development services company, InfoBeans Tech delivers custom software solutions, consulting services, and digital transformation expertise to enterprises across multiple industries globally. The firm specializes in application development, enterprise software services, and technology consulting. Established in 2000, it maintains operations across multiple geographies and focuses on providing full-cycle software development and strategic technology solutions to clients worldwide.
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.