Ashoka WhiteOak has slipped below the reporting radar at Carraro India Limited, where Ashoka WhiteOak previously held a 1.21 percent stake. The latest filing leaves it unclear whether Ashoka WhiteOak executed a complete exit or simply pared the holding under 1 percent.
A manufacturer of axles and transmission systems for agricultural tractors and construction vehicles, Carraro India serves the domestic automotive and farm equipment sectors. The company specializes in designing and producing drivetrain components engineered for heavy-duty applications in agriculture and construction industries. Established in 1997, it maintains operations focused on precision engineering and reliable supply to leading tractor and vehicle manufacturers across India.
India equity vehicle of WhiteOak Capital, the Singapore-headquartered manager founded in 2017 by Prashant Khemka, former CIO of Goldman Sachs Asset Management's India Equity and Global Emerging Markets businesses. WhiteOak group manages USD 10.8 bn (~Rs 96,000 cr) across SMAs and funds. Ashoka India Opportunities Fund ranks as the best-performing India UCITS fund since 2018 inception.
