Ramkrishna Forgings Limited
American Funds trimmed its stake in Ramkrishna Forgings from 5.96% to 1.20%, reducing its holding from 1,08,58,324 shares to 22,22,946 shares. Disclosed transactions earlier in the quarter account for 58,52,279 shares of this overall reduction. The decrease includes adjustments from a rights issue.
A leading manufacturer of forged components for automobiles, railway wagons, coaches, and engineering applications across India. The company specializes in producing high-quality forged automotive parts and engineering components that serve diverse industrial sectors. Its expertise in advanced forging technology, precision manufacturing capabilities, and commitment to quality distinguish it as a major player in the Indian auto components and forging industry.
India equity holdings of American Funds, the mutual fund family of Capital Group. Long-only, fundamentally driven strategy.