HDFC Mutual Fund increased its stake in CIE Automotive India Limited from 9.75% to 9.78%, purchasing 1,06,276 shares.
A manufacturer of automotive components serving original equipment manufacturers and customers across India and overseas markets. The company produces a comprehensive range of automotive parts including chassis, transmission, and engine components for leading vehicle manufacturers globally. Operating as a subsidiary of CIE Automotive S.A, a Spain-based automotive components group, it specializes in delivering quality components to both domestic and international automotive customers.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.
