Fine Organic Industries Limited
Axis Mutual Fund trimmed its stake in Fine Organic Industries from 4.05% to 3.99%, selling 17,862 shares. The fund now holds 12,23,450 shares.
A manufacturer and supplier of oleochemical-based additives, Fine Organic serves the food, plastics, cosmetics, coatings, and specialty application industries across India and international markets. The company processes, manufactures, and distributes a comprehensive range of specialty chemicals tailored for diverse industrial applications. Its integrated operations encompass manufacturing, processing, supply, distribution, and trading of these chemical products to various end-use sectors.
Subsidiary of Axis Bank, India's third-largest private sector bank. Manages over Rs 3.5 lakh crore in AUM. Built its brand on a quality growth equity philosophy with concentrated high-conviction portfolios. Flagship Axis Flexi Cap and Axis Bluechip funds are widely held among retail investors and drove significant AUM growth through the 2017-2021 bull cycle.