Schaeffler India Limited
Kotak Mutual Fund increased its stake in Schaeffler India from 3.27% to 3.75%, raising its shareholding from 5,109,353 to 5,866,574 shares. The additional 757,221 shares are worth ₹313.06 crore at ₹4134.70 apiece.
A leading manufacturer of high-precision bearings and automotive components, Schaeffler India develops and distributes roller bearings, ball bearings, engine systems, transmission components, and clutch systems for the automotive and industrial sectors. The company operates as a vertically integrated manufacturer with in-house machine building capabilities and serves both domestic and global markets through its specialized engineering expertise and advanced manufacturing technologies.
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.