DSP Mutual Fund decreased its stake in Thangamayil Jewellery Limited from 5.40% to 4.75%, selling 2,00,942 shares for ₹125.2 Cr at ₹6,233.00 apiece. DSP Mutual Fund's stake fell below the 5% disclosure threshold.
A retail jewellery chain operating across multiple districts in Tamil Nadu, Thangamayil Jewellery Limited specializes in gold and precious ornaments for the regional market. The company operates in a state that accounts for a significant portion of India's total gold consumption, positioning it within a key jewellery consumption hub. Its distinctive strength lies in its established retail presence and deep understanding of local customer preferences in Tamil Nadu's jewellery market.
Standalone AMC after DSP Group acquired full ownership from BlackRock in 2018. Manages over Rs 1.9 lakh crore. Known for equity funds with a clear process-first culture and minimal star manager dependency. CEO Kalpen Parekh is widely respected for transparent investor communication. DSP Small Cap Fund and DSP Midcap Fund are flagship offerings.
