Ashoka Buildcon Limited
Kotak Mutual Fund decreased its stake in Ashoka Buildcon Limited from 5.42% to 4.33% by selling 30,42,872 shares.
A civil construction and infrastructure company, Ashoka Buildcon executes large-scale projects on engineering, procurement, and construction (EPC) and build-operate-transfer (BOT) models across India. The company also manufactures and supplies ready-mix concrete and switchgear products to industrial and commercial clients. Its diversified business model spans transportation, water management, and infrastructure development sectors.
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.