Garware Technical Fibres Limited
Kotak Mutual Fund reduced its stake in Garware Technical Fibres from 5.71% to 5.69%, selling 113,317 shares for ₹8.68 crore at ₹765.50 apiece.
A leading technical textiles manufacturer, Garware Tech produces high-performance polymer ropes, fishing nets, sports nets, safety nets, aquaculture cages, coated fabrics, agricultural netting and geosynthetics for global markets. Established in 1976, the company serves the cordage and infrastructure sectors with specialized solutions tailored to diverse industrial applications. Its distinctive strength lies in vertically integrated manufacturing capabilities and deep technical expertise across polymer-based product lines.
Wholly owned subsidiary of Kotak Mahindra Bank, one of India's leading private banks. Manages over Rs 4.5 lakh crore in AUM. MD Nilesh Shah is a fixture in Indian financial media and one of the most quoted fund managers in the country. Known for disciplined quality growth positioning and clear communication of investment rationale to investors.