Apar Industries Limited
Axis Mutual Fund trimmed its stake in Apar Industries from 4.74% to 4.53%, selling 9,388 shares.
A vertically integrated manufacturer of electrical equipment with operations across conductors, transformer and specialty oils, and power/telecom cables. Founded in 1958, the company serves India's power transmission and telecommunications infrastructure while maintaining a global presence. It plays a significant role in supporting the country's electrification efforts and energy distribution networks across industrial and utility sectors.
Subsidiary of Axis Bank, India's third-largest private sector bank. Manages over Rs 3.5 lakh crore in AUM. Built its brand on a quality growth equity philosophy with concentrated high-conviction portfolios. Flagship Axis Flexi Cap and Axis Bluechip funds are widely held among retail investors and drove significant AUM growth through the 2017-2021 bull cycle.