Himatsingka Seide Limited
Cohesion MK Best Ideas sold 23,28,473 shares of Himatsingka Seide for ₹20.34 Cr at ₹87.34 apiece in an open market transaction, reducing its stake from 5.18% to 2.21%.
A vertically integrated global textile manufacturer that designs, develops, and distributes home textile products including bedding, bath items, drapery, and upholstery fabrics. The company operates world-class manufacturing capacities for fine-count cotton yarn and finished textiles, serving customers across residential and commercial markets worldwide. It maintains some of the largest installed production facilities for these categories globally.
Launched August 2020 by Cohesion Asset Management (Abu Dhabi) in partnership with Madhusudan Kela, "the King of the Multi-Bagger" who scaled Reliance MF's equity business from ~USD 20 m to ~USD 60 bn. Concentrated 20 to 25 stock portfolio that gives global investors access to Kela's high-conviction Indian equity picks.
