Solidarity Advisors bought 70,824 shares of Axtel Industries for ₹3.15 Cr at ₹444.95 apiece, increasing its stake from 4.76% to 5.20% and crossing the 5% disclosure threshold.
A manufacturer of custom-designed food processing plants and machinery, Axtel Industries serves food production companies across India with engineered solutions. Founded in 1991, the company specializes in fabricating equipment tailored to specific client requirements rather than offering standardized products. This made-to-order approach allows clients to optimize their production processes and capacity based on individual operational needs and specifications.
Mumbai-based boutique PMS founded in 2014 by Manish Gupta (IIM-A, ex-BCG, eight years working with Rakesh Jhunjhunwala). Manages around Rs 1,686 cr across roughly 170 families in a concentrated quality-compounder strategy, hunting durable-moat businesses with high RoIC and predictable long-term earnings.