Azad Engineering Limited
Nomura decreased its stake in Azad Engineering Limited from 3.43% to 1.13%, selling 1,486,203 shares. The shares are valued at ₹362.48 crore at ₹2439.00 apiece.
A manufacturer of aerospace components and turbines, Azad Engineering supplies precision-engineered products to original equipment manufacturers across aerospace, defense, energy, and oil and gas sectors. Established in 1983, the company specializes in heavy electrical equipment and complex mechanical assemblies for mission-critical applications. Its vertically integrated manufacturing capabilities and focus on quality engineering distinguish it within India's industrial manufacturing landscape.
Japan's largest investment bank. India FPI activity covers proprietary, market-making, client flows and mandates such as the EPF Malaysia India allocation.