HDFC Mutual Fund decreased its stake in Ambuja Cements from 2.09% to 2.07%, selling 141,523 shares. This transaction was valued at approximately ₹6.06 crore based on the share price of ₹428.15.
A leading cement manufacturer in India, Ambuja Cements produces cement for construction and infrastructure applications through six integrated manufacturing plants and eight grinding units spread across the country. Part of the Adani Group, the company operates a vertically integrated production system that spans raw material extraction to final product distribution. Its extensive manufacturing footprint and operational scale establish it as a major player in India's cement sector.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.
