Torrent Power Limited
Axis Mutual Fund decreased its stake in Torrent Power from 2.76% to 2.04% by selling 36.46 lakh shares. The shares were valued at ₹506.77 crore at ₹1390.50 apiece.
A leading integrated power utility company operating across generation, transmission, and distribution of electricity in India. Torrent Power serves residential, commercial, and industrial customers in Gujarat, Maharashtra, Uttar Pradesh, and Karnataka through its vertically integrated operations. The company manages the complete power supply chain from production to final delivery, providing reliable energy solutions across multiple states and customer segments.
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.