Vardhman Textiles Limited
DSP Mutual Fund reduced its stake in Vardhman Textiles from 3.02% to 1.47%, selling 44,89,093 shares. The value of the shares sold is approximately ₹284.28 crore based on the share price of ₹633.40.
A vertically integrated textile manufacturer engaged in producing yarn, fabric, acrylic fiber, and garments for domestic and international markets. Vardhman operates across the full spectrum of textile production, from raw material processing to finished goods, serving customers in India and approximately 75 countries worldwide. The company has evolved into a diversified business conglomerate with significant global presence and integrated operations across the textile value chain.
Standalone AMC after DSP Group acquired full ownership from BlackRock in 2018. Manages over Rs 1.9 lakh crore. Known for equity funds with a clear process-first culture and minimal star manager dependency. CEO Kalpen Parekh is widely respected for transparent investor communication. DSP Small Cap Fund and DSP Midcap Fund are flagship offerings.