Azad Engineering Limited
Abu Dhabi Investment Authority decreased its stake in Azad Engineering Limited from 2.15% to 1.74%, reducing its holdings by 263,238 shares. This stake, worth ₹62.61 crore at ₹2378.50 per share, represents a partial exit.
A manufacturer of aerospace components and turbines, Azad Engineering supplies precision-engineered products to original equipment manufacturers across aerospace, defense, energy, and oil and gas sectors. Established in 1983, the company specializes in heavy electrical equipment and complex mechanical assemblies for mission-critical applications. Its vertically integrated manufacturing capabilities and focus on quality engineering distinguish it within India's industrial manufacturing landscape.
Sovereign wealth fund of the Emirate of Abu Dhabi, established in 1976 and one of the world's largest SWFs with around USD 1 trillion in assets. Long-term, multi-decade horizon. Indian equities sit inside its emerging markets allocation and ADIA is a consistent anchor in marquee Indian IPOs and large-block deals.