Finolex Cables Limited
Franklin Templeton Mutual Fund trimmed its stake in Finolex Cables from 2.37% to 2.05%, selling 4,85,070 shares.
A leading manufacturer of electrical and telecommunication cables in India, Finolex produces a diverse range of power, control, and communication cables serving residential, commercial, and industrial segments. With over five decades of operational history, the company maintains strong market presence through its vertically integrated manufacturing facilities, extensive distribution network, and commitment to quality standards across its comprehensive product portfolio.
Indian arm of Franklin Templeton Investments, a global AMC with over USD 1.5 trillion in assets worldwide. Manages over Rs 1.2 lakh crore in India. Navigated a significant setback when six debt schemes were wound up in April 2020 due to illiquid credit exposure, with full investor capital recovered by 2022. Equity franchise led by CIO Anand Radhakrishnan has maintained consistent performance through the volatility.