Invesco Mutual Fund reduced its stake in TruAlt Bioenergy from 1.88% to 1.57% by selling 2,64,276 shares, as part of a rights issue.
A biofuel producer engaged in manufacturing ethanol from biomass, TruAlt Bioenergy operates in India's renewable energy sector. Incorporated in 2021, the company specializes in developing and scaling sustainable fuel production processes. Its core focus remains on ethanol production, contributing to India's renewable energy transition and reducing dependence on fossil fuels through innovative biochemical conversion methods.
Indian subsidiary of Invesco Ltd, a US-listed global investment manager with over USD 1.8 trillion in AUM worldwide. Manages over Rs 1.2 lakh crore in India. Known for its Invesco India Contra Fund, which runs a contrarian, undervalued stock strategy against consensus market positioning. One of the few global AMC franchises maintaining a strong active equity presence in India.
