Happy Forgings Limited
Kotak Mutual Fund decreased its stake in Happy Forgings from 4.42% to 2.26%, selling 2,036,172 shares worth ₹325.7 Cr at ₹1595.30 apiece.
An Indian manufacturer specializing in heavy forgings and high-precision machined components for demanding industrial applications. Happy Forgings designs and produces critical parts serving sectors including power generation, oil and gas, heavy machinery, and aerospace. The company operates integrated manufacturing facilities equipped with advanced forging, machining, and quality control capabilities, delivering customized solutions to both domestic and international clients since its establishment in 1979.
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.