WPIL Limited
Kotak Mutual Fund entered WPIL Limited by purchasing 2,370,200 shares, representing a 2.43% stake. The investment is valued at approximately ₹109.53 crore, based on WPIL's share price of ₹462.10.
A manufacturer and systems integrator of pumps and pumping solutions, WPIL operates across the entire value chain from design through commissioning and project execution on a turnkey basis. The company serves industrial units, power utilities, irrigation departments, and large public sector enterprises across India with comprehensive water supply solutions. Established in 1952, it maintains a diverse clientele spanning state irrigation departments and private sector organizations nationwide.
Wholly owned subsidiary of Kotak Mahindra Bank, one of India's leading private banks. Manages over Rs 4.5 lakh crore in AUM. MD Nilesh Shah is a fixture in Indian financial media and one of the most quoted fund managers in the country. Known for disciplined quality growth positioning and clear communication of investment rationale to investors.