American Funds (Capital Group) entered HFCL Limited with 4,62,40,128 shares, a 3.02% stake worth ₹992.34 Cr.
A telecom infrastructure company, HFCL manufactures optical fiber cables, telecom equipment, and provides system integration services across India's communications sector. The company operates through telecom infrastructure development, supply of high-end communications equipment, and production of optical fiber and fiber optic cables. Its vertically integrated operations and diverse portfolio position it as a key enabler in India's expanding telecommunications network infrastructure.
India equity holdings of American Funds, the mutual fund family of Capital Group. Long-only, fundamentally driven strategy.