Kirloskar Pneumatic Company Limited

Franklin Templeton Mutual Fund decreased its stake in Kirloskar Pneumatic Company Limited from 1.96% to 1.82%, selling 92,662 shares. The value of the sold shares is approximately ₹13.87 crore, calculated at the last closing price of ₹1497.10 per share.

A compression and transmission equipment manufacturer serving oil and gas, steel, cement, food and beverage, railways, and marine industries. Incorporated in 1958 and part of the Pune-based Kirloskar group, the company designs and supplies compression packages while providing operation and maintenance services. It also operates RoadRailer trains for end-to-end logistics and transportation of goods across sectors.

Indian arm of Franklin Templeton Investments, a global AMC with over USD 1.5 trillion in assets worldwide. Manages over Rs 1.2 lakh crore in India. Navigated a significant setback when six debt schemes were wound up in April 2020 due to illiquid credit exposure, with full investor capital recovered by 2022. Equity franchise led by CIO Anand Radhakrishnan has maintained consistent performance through the volatility.