Ambuja Cements Limited
Mirae Asset Mutual Fund, which previously held 1.3 percent of Ambuja Cements Limited, is no longer listed among its disclosed shareholders, indicating either a complete exit or a reduction in its stake to below the 1 percent reporting threshold.
A leading cement manufacturer in India, Ambuja Cements produces cement for construction and infrastructure applications through six integrated manufacturing plants and eight grinding units spread across the country. Part of the Adani Group, the company operates a vertically integrated production system that spans raw material extraction to final product distribution. Its extensive manufacturing footprint and operational scale establish it as a major player in India's cement sector.
Indian arm of South Korea's Mirae Asset Global Investments, one of Asia's largest asset managers. Manages over Rs 2.5 lakh crore in India across equity and hybrid funds. CIO Neelesh Surana has built a reputation for rigorous bottom-up stock selection with a long-term quality growth bias. Mirae Asset Emerging Bluechip Fund built a cult following before being closed to fresh investments due to size.