DCM Shriram Industries Limited
Sunil Singhania, through Abakkus AIF, trimmed his stake in DCM Shriram Industries from 2.86% to 2.81%, selling 45,565 shares.
A vertically integrated producer, DCM Shriram Industries manufactures sugar, alcohol, power, chemicals, and industrial fibers across multiple manufacturing facilities in India. The company has diversified into emerging sectors including unmanned aerial vehicles and drone technology. Its integrated operations spanning traditional commodities and new-age products position it as a diversified industrial enterprise serving domestic and export markets.
The man who grew Reliance Mutual Fund's equity AUM from ₹200 Cr to nearly ₹80,000 Cr, one of the greatest fund management runs in Indian history. After leaving Reliance, Sunil Singhania launched Abakkus Asset Management (2018), which now manages ~₹36,700 Cr. Voted Best Fund Manager by Outlook Business (2016 & 2017). First Indian elected to the CFA Institute Board of Governors. His direct disclosed equity portfolio has consistently backed emerging industrials and financials before they became consensus.