Vardhman Textiles Limited
HDFC Mutual Fund decreased its stake in Vardhman Textiles from 7.15% to 6.12% by selling 29.5 lakh shares. This amounts to a total of ₹187 crore at ₹633.40 per share.
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.
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.