Sona BLW Precision Forgings Limited
Axis Mutual Fund increased its stake in Sona BLW Precision Forgings, buying 7,408,965 shares and raising its stake from 3.58% to 4.77%. The shares are worth ₹603.02 crore at a price of ₹813.50 apiece.
An automotive technology company that designs and manufactures engineered systems and components for vehicles across all categories. Sona BLW Precision Forgings produces differential assemblies, gears, conventional and micro-hybrid motors, BSG systems, and EV traction motors. The company develops mechanical and electrical hardware systems, components, and base and application software solutions tailored for the automotive industry.
Subsidiary of Axis Bank, India's third-largest private sector bank. Manages over Rs 3.5 lakh crore in AUM. Built its brand on a quality growth equity philosophy with concentrated high-conviction portfolios. Flagship Axis Flexi Cap and Axis Bluechip funds are widely held among retail investors and drove significant AUM growth through the 2017-2021 bull cycle.