EID Parry India Limited
PPFAS Mutual Fund increased its stake in EID Parry India from 4.34% to 5.89%, raising its shareholding from 77,26,371 to 1,04,79,279 shares. The transaction, valued at approximately ₹206.77 crore at a share price of ₹751, resulted in the fund crossing the 5% disclosure threshold.
A diversified basic materials company, E.I.D.-Parry operates across sugar production, nutraceuticals, and ethanol manufacturing with significant operations spanning multiple regions. The company maintains a strong presence in farm inputs and bio-pesticides through its subsidiary Coromandel International Limited, serving agricultural and industrial markets across India with integrated solutions for farmers and enterprises.
Founded by Parag Parikh Financial Advisory Services, best known for the Parag Parikh Flexi Cap Fund which invests in both Indian equities and select global large-caps including Meta, Alphabet, and Microsoft. Manages over Rs 1.2 lakh crore with a concentrated, long-duration, value-focused approach. CIO Rajeev Thakkar is one of India's most respected investors with a Munger-influenced thinking style.