V-Mart Retail Limited
Kotak Mutual Fund decreased its stake in V-Mart Retail Limited from 4.65% to 4.47%, selling 139,388 shares worth ₹10.41 crore at ₹746.20 apiece.
A value retail chain operating across multiple cities in India, V-Mart Retail specializes in affordable fashion, apparel, and lifestyle products for budget-conscious consumers. The company operates through a network of physical stores designed to provide accessible shopping experiences in tier-two and tier-three markets across the country. Its distinctive approach centers on offering quality merchandise at competitive prices through an efficient store format and focused product selection.
Wholly owned subsidiary of Kotak Mahindra Bank, one of India's leading private banks. Manages over Rs 4.5 lakh crore in AUM. MD Nilesh Shah is a fixture in Indian financial media and one of the most quoted fund managers in the country. Known for disciplined quality growth positioning and clear communication of investment rationale to investors.