MRF Limited
Nalanda Capital trimmed its stake in MRF Limited from 4.13% to 4.06%, selling 2,900 shares.
India's largest tyre manufacturer, MRF produces a comprehensive range of tyres for two-wheelers, three-wheelers, cars, buses, and trucks across domestic and international markets. The company operates through multiple subsidiaries and maintains vertical integration across manufacturing, distribution, and retail operations. MRF also manufactures rubber products, paints, and cricket equipment, making it a diversified player in the automotive and consumer goods sectors.
Singapore-based investment firm founded in 2007 by Pulak Prasad, formerly co-head of Warburg Pincus in India. It invests only in listed Indian companies, taking large, long-held stakes in a small number of high-quality mid and small caps and rarely selling. It manages about US$5 billion, mainly for US endowments, foundations and family offices, and holds stakes of up to about 10% in companies like Cera Sanitaryware, AIA Engineering, Amara Raja, Page Industries and Jyothy Labs.