NOCIL Limited
Mahindra Manulife Mutual Fund increased its stake in NOCIL Limited from 2.39% to 3.57%, acquiring an additional 1,966,594 shares. This increased its total holding to 5,963,801 shares, valued at ₹95.49 Cr based on a share price of ₹160.11.
A leading manufacturer of specialty rubber chemicals, NOCIL produces compounds used by India's tyre and rubber processing industries. Incorporated in 1961 and part of the Arvind Mafatlal Group, the company holds the distinction of being the country's largest rubber chemicals manufacturer. Its comprehensive product portfolio serves as essential inputs for tire production, automotive components, and various rubber applications across industrial and consumer sectors.
Joint venture between Mahindra Group and Manulife Investment Management of Canada. Manages over Rs 30,000 crore. Focuses on equity and hybrid fund strategies with a quality growth bias inherited from the Manulife global investment framework. Leverages the Mahindra Group's brand and distribution reach for retail investor outreach.