American Funds (Capital Group) decreased its stake in KEI Industries, selling 1,66,887 shares. Its holding declined from 2.24% to 2.06% of the company. The shares were valued at approximately ₹81.86 crore based on KEI's share price of ₹4906.50.
A leading manufacturer of wires and cables, KEI Industries produces a comprehensive range of electrical products including extra high voltage cables, high tension cables, and low tension cables for diverse applications. The company serves both domestic and international markets, supplying essential electrical infrastructure components to utilities, industrial sectors, and construction projects across multiple geographies and customer segments.
India equity holdings of American Funds, the mutual fund family of Capital Group. Long-only, fundamentally driven strategy.
