Grindwell Norton Limited
UTI Mutual Fund decreased its stake in Grindwell Norton Limited from 2.57% to 2.51%, selling 70,633 shares.
A diversified manufacturer, Grindwell Norton produces abrasives, ceramics, and plastics for industrial applications across India and international markets. The company supplies grinding wheels, bonded abrasives, and ceramic products to manufacturing, construction, and automotive sectors. Beyond manufacturing, it provides IT services, establishing itself as a vertically integrated player spanning production, materials science, and technology domains.
India's oldest and most storied asset manager, founded in 1963 as the Unit Trust of India under an Act of Parliament. Now manages over Rs 3.5 lakh crore with backing from four public sector institutions: LIC, SBI, Bank of Baroda, and Punjab National Bank. CIO Vetri Subramaniam is a long-term compounder with a consistent quality tilt and clear articulation of process.