Axis Mutual Fund decreased its stake in Jubilant Ingrevia Limited from 2.24% to 1.81%, selling 682,579 shares. The value of the remaining stake is approximately ₹21.23 Cr at a share price of ₹736.30.
A global integrated provider of life science products and innovative solutions, Jubilant Ingrevia serves pharmaceutical, nutrition, agrochemical, consumer, and industrial customers worldwide. The company manufactures customized products designed to be cost-effective and fully compliant with stringent quality standards. Its vertically integrated approach to developing specialized solutions for diverse industry verticals distinguishes it in the competitive basic materials sector.
Subsidiary of Axis Bank, India's third-largest private sector bank. Manages over Rs 3.5 lakh crore in AUM. Built its brand on a quality growth equity philosophy with concentrated high-conviction portfolios. Flagship Axis Flexi Cap and Axis Bluechip funds are widely held among retail investors and drove significant AUM growth through the 2017-2021 bull cycle.
