Powerica Limited
Bank of India Mutual Fund established a new position in Powerica Limited with 13,51,100 shares, representing a 1.07% stake in the company. The shares are valued at ₹77.62 crore at a price of ₹574.35 apiece.
A power solutions company specializing in diesel generator sets for main and backup applications across industrial and commercial sectors. Incorporated in 1984, Powerica Ltd designs, manufactures, and distributes DG sets engineered for reliability in diverse operating environments. The company serves customers requiring dependable power generation through its established distribution network and comprehensive after-sales service infrastructure across India.
AMC subsidiary of Bank of India, one of India's oldest public sector banks founded in 1906. Manages over Rs 20,000 crore with a range of equity, debt and hybrid offerings. Distributes through Bank of India's 5,000+ branch network giving it reach into Tier 2 and Tier 3 cities that larger private AMCs find harder to access.