Sumitomo Chemical India Limited
Edelweiss Mutual Fund acquired a new position in Sumitomo Chemical India Limited, holding 6,175,957 shares, which represents a 1.24% stake in the company. The shares are valued at approximately ₹297.10 crore based on the closing price of ₹481.15 per share.
A leading agrochemicals manufacturer in India, Sumitomo Chemical India produces pesticides, crop protection products, and animal nutrition solutions through both proprietary and generic formulations. The company operates with backward integration capabilities and distributes products from its Japanese parent across domestic and international markets. Following its integration of Excel Crop Care Limited, it significantly strengthened its market position in India's crop protection industry and expanded its geographic presence across Africa and other regions worldwide.
AMC subsidiary of Edelweiss Financial Services. Manages over Rs 1.5 lakh crore across equity, debt, hybrid and alternative strategies. CEO Radhika Gupta is the most prominent woman leader in Indian asset management and has built a strong direct investor franchise through social media and investor education. Known for multi-asset and international fund-of-fund offerings.