HDFC Mutual Fund increased its stake in ION Exchange (India) Limited from 3.01% to 3.28%, raising its shareholding from 4,411,671 to 4,806,257 shares. The additional 394,586 shares are valued at ₹14.9 Cr based on the share price of ₹377.50.
A water treatment solutions provider, Ion Exchange operates across the complete water cycle including pre-treatment, process water treatment, wastewater management, recycling, and zero liquid discharge systems. The company also handles sewage treatment, packaged drinking water production, and seawater desalination. Its comprehensive service portfolio addresses water challenges across industrial, municipal, and commercial sectors in India and internationally.
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.
