Rain Industries Limited
First Water decreased its stake in Rain Industries from 1.68% to 1.50%, selling 5,95,140 shares.
A vertically integrated producer of carbon, cement, and advanced materials, Rain Industries manufactures specialty products for petrochemical, aluminum, steel, and energy sectors worldwide. The company operates production facilities across eight countries on three continents, serving customers globally. Its diversified product portfolio and extensive international manufacturing footprint distinguish it as a leading specialty materials producer in its sectors.
India-focused and FPI co-founded by Arun Chulani (CA, MSc LSE, ex-Ikarus Petroleum) and Ricky Kirpalani. Concentrated long-only value strategy holding 15 to 18 stocks for 5 to 7 year horizons. Patient capital with a Buffett-style preference for moaty Indian businesses available at sensible prices.