Rolex Rings Limited
Franklin Templeton Mutual Fund increased its stake in Rolex Rings Limited from 2.10% to 2.95%, adding 2,311,597 shares to reach a total of 8,022,023 shares.
A leading manufacturer of forged and machined components, this company specializes in producing hot rolled forged bearing rings and automotive parts for diverse industrial applications. It serves global customers across automotive, industrial machinery, wind turbine, and railway sectors. Ranking among India's top five forging companies, it maintains vertically integrated production capabilities for complex precision components and remains a key supplier to multiple industrial segments.
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.