Varroc Engineering Limited
HDFC Mutual Fund increased its stake in Varroc Engineering from 7.37% to 7.94%. The fund acquired 8,63,179 shares, taking its total holding to 1,21,24,282 shares.
A global tier-1 automotive component manufacturer, Varroc Engineering designs and supplies critical parts and systems to major original equipment manufacturers across the world. Established in 1988 and headquartered in Chhatrapati Sambhaji Nagar, the company operates as the flagship entity of the Varroc Group. Its distinctive strength lies in serving diverse customer segments across multiple automotive platforms and geographies globally.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.