Maruti Suzuki India Limited
UTI Mutual Fund reduced its stake in Maruti Suzuki India Limited from 1.24% to 1.18% by selling 161,314 shares. The shares were valued at approximately ₹219.78 crore, at an approximate price of ₹13,620.00 per share.
India's leading passenger vehicle manufacturer, Maruti Suzuki designs, produces and sells cars, utility vehicles, components and spare parts across the country. Established in 1981 as a joint venture between the Government of India and Japan's Suzuki Motor Corporation, the company has grown to become SMC's largest subsidiary by production and sales volume. It maintains dominant market position in the Indian passenger vehicle segment through its diverse product portfolio and manufacturing capabilities.
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.