Invesco Mutual Fund bought 22,488 shares of BEML Limited to raise its stake from 1.98% to 2.00%.
A manufacturer of heavy earthmoving equipment, this company serves India's mining and construction industries with a comprehensive range of machinery and vehicles designed for demanding applications. Beyond commercial operations, it produces specialized vehicles for defense forces and manufactures coaches for metro rail systems and Indian Railways. The company operates as a vertically integrated enterprise with multiple manufacturing facilities located across India.
Indian subsidiary of Invesco Ltd, a US-listed global investment manager with over USD 1.8 trillion in AUM worldwide. Manages over Rs 1.2 lakh crore in India. Known for its Invesco India Contra Fund, which runs a contrarian, undervalued stock strategy against consensus market positioning. One of the few global AMC franchises maintaining a strong active equity presence in India.
