AIA Engineering Limited
HDFC Mutual Fund increased its stake in AIA Engineering from 3.93% to 4.00%. The fund acquired 65,864 shares, taking its total holding to 37,31,260 shares.
A manufacturer of high-chrome grinding media, liners, and diaphragms collectively known as mill internals, AIA Engineering serves the cement, power utility, aggregates, and mining industries globally. The company specializes in producing wear-resistant components used in crushing and grinding operations across these sectors. Its focused expertise in manufacturing durable mill internals for demanding industrial applications distinguishes it within the castings and forgings industry.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.