Franklin Templeton Mutual Fund decreased its stake in CCL Products (India) Limited from 1.58% to 1.32% by selling 353,485 shares. The value of the remaining stake is ₹216.03 crore.
A vertically integrated coffee producer and trader with operations spanning India, Vietnam, and Switzerland. CCL Products engages in the complete coffee value chain, including production, processing, trading, and distribution of coffee products for domestic and international markets. The company serves diverse customer segments across multiple regions, managing sourcing, manufacturing, and logistics to deliver coffee to end consumers and commercial clients.
Indian arm of Franklin Templeton Investments, a global AMC with over USD 1.5 trillion in assets worldwide. Manages over Rs 1.2 lakh crore in India. Navigated a significant setback when six debt schemes were wound up in April 2020 due to illiquid credit exposure, with full investor capital recovered by 2022. Equity franchise led by CIO Anand Radhakrishnan has maintained consistent performance through the volatility.
