Ajax Engineering Limited
Franklin Templeton Mutual Fund initiated a new position in Ajax Engineering Limited, acquiring 11,62,198 shares for a 1.02% stake in the company.
A manufacturer of concrete equipment and machinery, Ajax Engineering designs and produces a comprehensive range of products for the construction sector. Founded in 1992, the company operates across the entire value chain of concrete equipment, serving builders and construction firms throughout India. Its portfolio includes concrete mixers, pumps, and related machinery for concrete handling, placement, and processing. The company provides both equipment and associated services to support construction operations.
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.